Cervello Capital presents promising junior companies: Oremex Silver, Oremex Gold, Llave Oro, Mogul V
Toronto-based boutique merchant bank Cervello Capital Inc. hosted a luncheon presentation last Monday and Tuesday that highlighted a number of promising junior resource plays, with a scope that extends from the Americas to Central Asia.
Cervello provides seed capital, managerial leadership and capital markets advisory services to resource projects looking to tap public markets. The company has a successful track record of taking international projects through this process and has operational experience with projects in the US, South America and Mongolia.
At the luncheon presentation, which coincided with the 2012 PDAC mining convention, the CEO or executive chairman of several companies under the Cervello umbrella gave a brief overview of their operations and near-term prospects.
The first of the choice picks to present from Cervello's investment stable was Oremex Silver Inc. (CVE:OAG) - the former Oremex Resources which, in 2011, spun out its gold projects into Oremex Gold Inc. (CVE:OAU) to reflect its pure silver focus.
Oremex Silver focuses on exploration and development of silver projects along the highly productive mineralized belt that has made Mexico the largest silver-producing nation in the world.
The company's portfolio includes a mineral resource of 50.8 million ounces of silver within a preliminary economic assessment at its flagship Tejamen project in Mexico's prolific Durango state.
The company, which already owns access to mineral rights at Tejamen, is in the final stages of negotiating surface rights – the asset is one of approximately five projects in the whole country without a surface owner. Tejamen has the potential to expand its resources and a 2006 report has outlined the viability of an open pit, heap leach operation.
Next up was Oremex Gold Inc. (CVE:OAU), which is currently advancing five high-potential gold assets in Mexico, including projects in the Melchor Ocampo gold district and Sierra Rosario gold belt. The explorer's president and chief executive, Dr. David Terry, said the company's focus this year will be its recently-acquired Cerro del Oro project in Zacatecas state, and the Santa Catarina project in Sinaloa state.
Cerro del Oro recently yielded assay results of 6.77 grams per tone (g/t) gold over 1.7 metres with its concessions covering the core of the historical Melchor Ocampo gold mining district. With Canadian companies comprising 70 percent of all mining companies in Mexico, Oremex Gold's CEO Terry also sees the possibility of consolidation among explorers in the region.
Moving to South America, pre-IPO stage Llave Oro Inc. is focused on gold projects in Colombia's prolific Cauca Belt in proximity to assets held by AngloGold Ashanti (NYSE:AU) and Continental Gold (TSE:CNL). “Closeology” is a phrase often batted around by the investment community as a key factor in the success of early stage companies raising capital. Llave Oro has this in abundance, suggesting it represents a better-than-average, early-stage investment opportunity for sophisticated investors as it gears up for a future debut on public markets.
Llave's vice president of exploration, Balmer Echeverri, highlighted the company's key Popales and El Rayo projects, which both have drill-ready targets. Popales’ mineralization is very similar to Continental Gold’s four million ounce gold Buritica project.
While Colombia is best known for its excellent potential for gold and oil, Mongolia has been making the headlines for its huge coal and base metals discoveries, including the massive Oyu Tolgoi copper project being developed by Ivanhoe Mines (NYSE:IVN)(TSE:IVN) and Rio Tinto (NYSE:RIO)(LON:RIO). Cervello’s Mogul Ventures Corp. is looking to replicate some of this success with its coal interests.
Mongolia is blessed with a combination of a massive land area, low population, close proximity to China and a rapidly expanding rail network to support the development of bulk tonnage exports of materials like coal.
The company's Black Hills thermal coal project in Middle Gobi hosts an NI 43-101 compliant resource of 89.6 million tons of inferred resources within the Ovdog Hudag thermal coal deposit, which has been extensively mapped by Russian geologists during the middle of the last century.
Mogul's president, Jamul Jadamba, who comes from a prominent Mongolian family, said there was “excellent potential” to significantly expand the project's coal resources through additional drilling. The second phase of Mogul's drill program at the deposit is due to start in April.
Turning now to the United States, Honker Gold, which certainly has a name that you won’t forget easily, is exploring within the Alaskan portion of the prolific Tinta Gold Belt with 20 claims totalling 1,295 hectares. The company sees potential to hold a multi-million tonne vein-type deposit with gold values ranging up to 80 or 90 grams per tonne gold.
Finally, Vulture Peak Gold LP allows investors a direct route to gold investment, and is sure to attract gold bugs from near and far. The company also has no intention to IPO, and as such offers a rather unique investment opportunity that is rarely available to investors.
Structured as a limited partnership investment vehicle, Vulture Peak Gold aims to distribute cash flow from gold production at Arizona's Vulture gold mine. Vulture Peak's manager, Michael Smith, said they’re also examining the possibility of distributing physical bullion to unit holders.
Discovered in 1863, the past-producing mine yielded 340,000 ounces of gold during its operational history and is seen as a low-capex, low-cost, near-term, open pit operation.
The mine has a non-NI 43-101 compliant resource of 328,000 ounces, with additional resource upside of up 500,000 ounces. The start-up is projected for early next year.
With six of Cervello’s junior resource plays presenting last week, investors were sure to have their pick of opportunities from companies looking to exploit their resources in the near-term.
Cervello provides seed capital, managerial leadership and capital markets advisory services to resource projects looking to tap public markets. The company has a successful track record of taking international projects through this process and has operational experience with projects in the US, South America and Mongolia.
At the luncheon presentation, which coincided with the 2012 PDAC mining convention, the CEO or executive chairman of several companies under the Cervello umbrella gave a brief overview of their operations and near-term prospects.
The first of the choice picks to present from Cervello's investment stable was Oremex Silver Inc. (CVE:OAG) - the former Oremex Resources which, in 2011, spun out its gold projects into Oremex Gold Inc. (CVE:OAU) to reflect its pure silver focus.
Oremex Silver focuses on exploration and development of silver projects along the highly productive mineralized belt that has made Mexico the largest silver-producing nation in the world.
The company's portfolio includes a mineral resource of 50.8 million ounces of silver within a preliminary economic assessment at its flagship Tejamen project in Mexico's prolific Durango state.
The company, which already owns access to mineral rights at Tejamen, is in the final stages of negotiating surface rights – the asset is one of approximately five projects in the whole country without a surface owner. Tejamen has the potential to expand its resources and a 2006 report has outlined the viability of an open pit, heap leach operation.
Next up was Oremex Gold Inc. (CVE:OAU), which is currently advancing five high-potential gold assets in Mexico, including projects in the Melchor Ocampo gold district and Sierra Rosario gold belt. The explorer's president and chief executive, Dr. David Terry, said the company's focus this year will be its recently-acquired Cerro del Oro project in Zacatecas state, and the Santa Catarina project in Sinaloa state.
Cerro del Oro recently yielded assay results of 6.77 grams per tone (g/t) gold over 1.7 metres with its concessions covering the core of the historical Melchor Ocampo gold mining district. With Canadian companies comprising 70 percent of all mining companies in Mexico, Oremex Gold's CEO Terry also sees the possibility of consolidation among explorers in the region.
Moving to South America, pre-IPO stage Llave Oro Inc. is focused on gold projects in Colombia's prolific Cauca Belt in proximity to assets held by AngloGold Ashanti (NYSE:AU) and Continental Gold (TSE:CNL). “Closeology” is a phrase often batted around by the investment community as a key factor in the success of early stage companies raising capital. Llave Oro has this in abundance, suggesting it represents a better-than-average, early-stage investment opportunity for sophisticated investors as it gears up for a future debut on public markets.
Llave's vice president of exploration, Balmer Echeverri, highlighted the company's key Popales and El Rayo projects, which both have drill-ready targets. Popales’ mineralization is very similar to Continental Gold’s four million ounce gold Buritica project.
While Colombia is best known for its excellent potential for gold and oil, Mongolia has been making the headlines for its huge coal and base metals discoveries, including the massive Oyu Tolgoi copper project being developed by Ivanhoe Mines (NYSE:IVN)(TSE:IVN) and Rio Tinto (NYSE:RIO)(LON:RIO). Cervello’s Mogul Ventures Corp. is looking to replicate some of this success with its coal interests.
Mongolia is blessed with a combination of a massive land area, low population, close proximity to China and a rapidly expanding rail network to support the development of bulk tonnage exports of materials like coal.
The company's Black Hills thermal coal project in Middle Gobi hosts an NI 43-101 compliant resource of 89.6 million tons of inferred resources within the Ovdog Hudag thermal coal deposit, which has been extensively mapped by Russian geologists during the middle of the last century.
Mogul's president, Jamul Jadamba, who comes from a prominent Mongolian family, said there was “excellent potential” to significantly expand the project's coal resources through additional drilling. The second phase of Mogul's drill program at the deposit is due to start in April.
Turning now to the United States, Honker Gold, which certainly has a name that you won’t forget easily, is exploring within the Alaskan portion of the prolific Tinta Gold Belt with 20 claims totalling 1,295 hectares. The company sees potential to hold a multi-million tonne vein-type deposit with gold values ranging up to 80 or 90 grams per tonne gold.
Finally, Vulture Peak Gold LP allows investors a direct route to gold investment, and is sure to attract gold bugs from near and far. The company also has no intention to IPO, and as such offers a rather unique investment opportunity that is rarely available to investors.
Structured as a limited partnership investment vehicle, Vulture Peak Gold aims to distribute cash flow from gold production at Arizona's Vulture gold mine. Vulture Peak's manager, Michael Smith, said they’re also examining the possibility of distributing physical bullion to unit holders.
Discovered in 1863, the past-producing mine yielded 340,000 ounces of gold during its operational history and is seen as a low-capex, low-cost, near-term, open pit operation.
The mine has a non-NI 43-101 compliant resource of 328,000 ounces, with additional resource upside of up 500,000 ounces. The start-up is projected for early next year.
With six of Cervello’s junior resource plays presenting last week, investors were sure to have their pick of opportunities from companies looking to exploit their resources in the near-term.
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