Friday Round-Up

18th June 2021

Happy Friday, everyone!

Last week I wrote about mining in different jurisdictions, with developed countries typically providing a tighter regulatory environment, though of course this is not universally true.  This week I’d like to extend on that theme by taking a look at mining in Europe, with a snapshot of a few projects at different stages. The work and positivity of these companies in the European environment is a strong indication that there is good mining to be done, and money to be made, in what has often been perceived to be too bureaucratic and regulated an area for juniors.

With the large Borba 2 copper-gold district at the exploration stage in Portugal is Goldplay Mining (TSXV:AUC, FRA:9FY). The project contains four Cu-Au projects and three past producing mines, with the exploration license application in the final stages of processing with the Portuguese government. The area contains significant mineralisation, and Goldplay sees Portugal as a secure, developed and transparent jurisdiction to operate in.  Have a look at the header image to see Borba 2!

Another corporate with a project at the exploration stage is Excellon (TSX:EXN, EXN.WT; NYSE:EXN; FRA:E4X2), with the Silver City project in Germany.  They have a 340 km2 exploration district in a rich historical mining area in Saxony, and earlier this month they announced their 2021 drilling program after their 2020 endeavours showed a major epithermal system, high silver grades and wide vein structures.  There’s good geology to be found!

Native silver from the region of the Silver City project

In the development stage is the polymetallic Vares project in Bosnia-Herzegovina, run by Adriatic Metals.  The Pre-Feasibility Study was released in October last year, with good-looking numbers for a combination of silver, gold, zinc, lead, copper, tin and BaSO­4. Adriatic is positive about the Bosnian mining environment, pointing to a highly skilled workforce among other excellent reasons to work in the country.  The company also holds the Raska inc-lead-silver project in Serbia, which is currently under exploration.

With a European project in well-established production is Rupert Resources (TSXV:RUP), who have the Pahtavaara gold mine in Finland, acquired in 2016.  In 2018, the resource was estimated at 474,000 oz Au @ 1.5 g/t cutoff, making it a highly significant gold mine in Europe. Rupert also has the Hirsikangas gold project in Finland, which is in the exploration stage, and has found Finland to be a mining-friendly jurisdiction to do business.

A company with a diverse portfolio of projects at all stages is Leading Edge Materials (TSXV:LEM, OMX:LEMSE, OTCQB:LEMIF), who focus on critical metals in Europe.  At one end of the spectrum is the Woxna graphite mine in Sweden, at the other is their 51% owned Bihor Sud nickel cobalt exploration project in Romania, and in the middle the Norra Kärr HREE project, also in Sweden.  The focus of a company like Leading Edge on the European market is an indication that companies see the potential to work on the continent, permitting snarls notwithstanding.

Mining in Europe is safe and attractive on a global scale.

Around the Traps

Mammoth Resources (TSXV:MTH) has a news release including some fabulous visuals of the recent geophysical modelling on the Tenoriba gold project in Mexico. Have a look at the video below!

If Mammoth’s news release piqued your interest, or if you’re just astute enough to think Spotlight content is always interesting, have a look at this week’s Mining Waffle podcast.  Featuring President and CEO of Mammoth Tom Atkins, Project Geologist at Origin Exploration Rowan Thorne, and the fantastic Bethany Swift!

Do you think you know junior mining stocks?  Then prove it!  Check out Spotlight’s June Stockpick!  It’s not too late to enter.

That’s all from me, have a great weekend!

- Jane Lockwood