Three Gold and Silver Explorers on the Launchpad
I recently attended the New Orleans Investment Conference and had the chance to talk to the leadership of a bunch of small mining explorers and developers. Today, I thought I’d share three of those companies with you.
All small companies are risky; small mining companies carry their own particular risks.
• But risks aside, the upside potential of these companies is enormous.
By watching these videos, you’ll get a sense of what’s going on with the better gold and silver explorers … and maybe get ideas you want to pursue independently.
Now, let’s get to the interviews …
Silver Hammer Takes a Big Swing
First, I talked to Morgan Lekstrom, president and CEO of Silver Hammer Mining (OTCQB: HAMRF; CSE: HAMR). This explorer has the Silver Strand Mine, a past-producing mine in Coeur d’Alene, Idaho, one of the richest silver districts in the world. It has an ambitious drill program planned for next year, and it has two other projects in Nevada that are also past-producing mines.
Morgan gives you the scoop here:
Mining legend Lawrence Roulston is part of the solid management team at Silver Hammer. Morgan is a recent addition to the team and he’s a mine builder. So, we know the path this company wants to take.
• They don’t want to sell. They want to build.
And the stock just upgraded to the OTCQB.
Vizsla Hunts for Conquistador Silver
I also talked to Michael Pettingell, the vice president of business development and strategy for Vizsla Silver (OTCQB: VIZSF TSX-V: VZLA). The company is busy exploring the Panuco silver-gold project near Mazatlán, a city on Mexico’s west coast. This is a rich silver district that’s been producing metal since the time of the conquistadors. Vizsla had some drill results where silver was measured in the kilos per ton.
Not grams. Kilos!
Vizsla has 10 drill rigs doing a 100,000-meter drill program right now.
Stop the presses! Vizsla just put out more drill results, including 901 grams per ton of silver and 3.25 grams per ton of gold over an intercept of 3.84 meters. These results and others are expanding the area of the resource at the Panuco project.
The company is working on their maiden resource. Then they want to drive value through successive resource updates.
Heliostar Switches Focus to Mexico
You may remember that I traveled to Alaska’s Aleutian Islands this summer to look at a project there belonging to a company called Heliostar Metals (OTCQX: HSTXF; TSX-V: HSTR). In New Orleans, I ran into Sam Anderson, Heliostar’s vice president of exploration, so we sat down for a chat.
The company is still on the trail of a potential new gold district at its Unga Project in Alaska. But the urgency has switched to the company’s Cumaro Project in Mexico. The company will be drilling there this month. They’ve been working on Cumaro in the background for several months and have discovered high-grade gold results in veins at the surface.
In the short term, the catalysts for the company will be drill results from Cumaro. We’ll have to see what Heliostar comes up with.
I like all three companies, but keep in mind that they’re very small and all early stage. If you want to consider them for your portfolio, I would highly recommend keeping your positions small because of the risk involved.
I hope you enjoyed these interviews. I’ll have more for you from my New Orleans trip soon.
All the best,