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NEW YORK – Staged core shack events are becoming du rigueur as mining investors become more knowledgeable about drill data and their influence on paper values.
The British Columbia Round-Up has been doing it for years now in a large tent outside its Vancouver bayside hotel each January. Round-Up is for a technical audience.
Still, companies with core to show are finding they must bring the goods when exhibiting at so-called “retail” conferences such as the Cambridge House events in Canada. As doctor of geology and natural resources asset manager Paul Zweng often tells us in this space, “Pounding rock, seeing rock firsthand, is pretty much a requirement for serious investors.”
[Photo here: Dr. Zweng, a director of Goldgroup Mining (TSX: T.GGA, Stock Forum), uses a tape measure on some core at the company’s Caballo Blanco project in Mexico – Thom Calandra photo]
This week, John Tumazos is holding hisresearch firm’s mining and metals conference in New York City. His Very Independent Research confab this year will draw companies from Canada, South America, parts of Africa, Mexico. Also, Latin America and the USA.
The ones with speaking assignments, for sure, are already successful companies such as Agnico-Eagle and Seabridge Gold (TSX: T.SEA, Stock Forum). The Core Shack presenters at the Tumazos confab are largely tiny, if you take the meaning. Advanced Explorations (TSX: V.AXI, Stock Forum) a year ago put out its best rock, Nunavut iron ore in this case; since then, the shares have more than tripled.
Ordinary folks are starting to sidle up to terminology that can baffle most of us the first time around the shed. They are discovering that terms such as vuggy silica, visible gold and breccia can be meaningful in the context of the matrix and a (hopefully) candid team geologist or VP of Exploration.
At this weeks’ show, a few very tiny prospectors are showing their stuff. These include Augen Gold (TSX: V.GLD, Stock Forum),which is active in Ontario’sSouthern Swayze Greenstone Belt.
DISCLOSURES: I plan to attend a Boca Raton, Florida, metals conference in late April. I am planning to see several diamond and gold prospects in West Africa in May. That trip will take me, tentatively, to Mali, Ghana, Sierra Leone and Liberia.
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