
CMC Metals
TSXV:CMB
High Grade Silver in Underexplored Yukon/British Columbia and Polymetallic projects in Central Newfoundland
CMC Metals Ltd (TSXV:CMB) has acquired quality exploration properties from the West to the East coast of Canada in some of the most prolific mining jurisdictions in the world – Newfoundland, Yukon and British Columbia. The Company has secured a diverse portfolio of properties all of which have high quality mineral occurrences, are road accessible, range from early to advanced stage, include prospects in precious and base metals, and present exceptional exploration potential.
CMC’s flagship project, Silver Hart, is one of the highest-grade silver-lead-zinc +/- gold +/- copper exploration plays. CMC offers an excellent opportunity for value growth in the short to medium term for investors seeking to gain exposure in a silver focused portfolio.
CMC Metals Ltd (TSXV:CMB) was one of the best performing silver explorers in 2020. At its flagship Silver Hart Project, CMC is continuing to explore and identify new targets and is systematically exploring the entire property area for the first time since exploration commenced in the area back in the mid 1980’s. Through a combination of geochemical and geophysical investigations, geological mapping and prospecting, 3-d modelling, and up to 2,500 meters of drilling in Phase 1, the overall aim for 2021 is to increase known resources and better define the exploration potential within the Silver Hart and Blue Heaven claims. The medium term aim is to generate a sufficient level of resources in terms of both tonnage and grade to then warrant a decision to advance to project economic evaluation (current timeline: late 2022/early 2023).
The company’s silver focused properties include the Silver Hart and Blue Heaven claims (Yukon) and Rancheria South, Amy and Silverknife (British Columbia). These are complimented by polymetallic projects including Bridal Veil and Terra Nova in Newfoundland and Logjam (Yukon).
CMC is seeking joint venture partners for its Rancheria South and Bridal Veil projects as its primary focus will continue to be on its flagship Silver Hart project. The Company also owns a gold processing mill in Bishop, California which it is intending to sell.
The company boasts a strong capital structure, solid shareholder portfolio, and a lot of upside exploration potential. At current valuation CMC Metals (TSX-V:CMB) presents a low price entry point to investors to participate in an emerging silver player. With a strong diversified portfolio.
CMC Metals is backed by a strong technical team with experience in geology, geophysics, and resource estimation that is critical to the current stage of its exploration projects.
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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with CMC Metals and seek advice from a qualified investment advisor.