Barkerville Gold (BGM.V) – The story of last summer (Update)

May 12, 2013 by

Last summer Barkerville Gold shocked the junior mining market with a NI 43-101 report stating a resource of 10.6 million indicated ounces with a potential of 65-90 million ounces.

barkerville gold

This immediately got the attention of junior mining stock investors as this would be one of the largest deposits ever found.

Barkerville is known to be the home of  the British Columbia Gold Rush and has many active placer mines in operation today. The source has never been found per say but a 5 million ounce gold (Blackwater) deposit in the vicinity was found by Richfield Ventures (since bought out by New Gold).

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Gold stocks on sale

May 9, 2013 by

 

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North American Nickel and VMS Ventures

May 5, 2013 by

Two junior mining stocks that have been able to move forward with plans during this rough market are North American Nickel and VMS Ventures.

Both companies have been able to move forward with 2013 plans as other junior mining companies have struggled raising cash and cutting budgets.

This is a testament of the management and quality of projects owned.

Each company is well cashed up and is entering an exciting time for share price appreciation as shown on the chart below.

 

mining stocks

North American Nickel is in the exploration stage with an exciting Maniitsoq property in Greenland.  They have just recently closed the first tranche of a $7 million private placement and have hired a drilling contractor to start drilling in June.

VMS Ventures will go into the production stage later in the year with JV partner Hudbay.   Hudbay is making excellent progress on the Reed copper project and everything is on schedule. Once in production VMS will be cash flow positive.  VMS is currently awaiting drill results from its winter drill program in Manitoba.

The bottom line – Two exciting junior mining companies that are cashed up and moving forward with catalysts that have the potential to provide investors with share price appreciation.

* As always.. This is not investment advice. Please do your own due diligence before investing in either VMS Ventures or North American Nickel.

Filed Under: copper stocks, Mining Companies, mining stocks, Stock Tips Tagged With: ,
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