Solid Projects Ready for Exploration Gold prices have found support above $2,000 USD/Oz with the recent Fed moves to show signs of pausing rate hikes due to banking pressures. Because of this, it has created an especially interesting market for gold mining companies. And with $ZACA.V focusing not only on gold, but copper as well, they’re well-positioned to capitalize. As industry manufacturing increases once again, the demand for copper will only increase. In an environment like today with both high economic uncertainty and record amounts of investment into projects such as renewable energy which uses a ton of copper, both metals have seen near record-high prices.
With $ZACA.V now focusing on developing their assets with the recently appointed CEO and newly acquired gold project there’s a lot to look out for going into the summer here.
- Kramer Hills is centred on the past producing Shaharald oxide gold mine and has an estimated 375,000 Oz of near-surface oxide gold. And with indications that the deposits could be extended, I’m interested to see what they’ll be able to pull out of the ground once they begin drilling.
- Focusing on their flagship South Bullfrog (which is fully permitted and has a contractor selected for a 3,000m drill program). It sits near the historic Bullfrog Mine that produced 2.04 M oz Au at 3.2 g/t and with over 10M Oz of resource estimates in close proximity, there’s a lot of potential for high-grade discovery here, especially with the property geology.
There’s a lot of development to be planned at their properties so once they’re financed for drilling we should start to see some interesting results. I’d definitely keep an eye out on these guys considering the current $4.4M valuation despite the potential of the properties that they hold.
Read more about them out here: https://zacaparesources.com/wp-content/uploads/2023/03/Zacapa-Resources-Investor-Presentation-March-20-2023-2.pdf