In 2023, the Carangas Project announced its maiden resource estimate of 670 Million Silver Equivalent Ounces, indicated + inferred.
What Does a World-Class Discovery Look Like?
This next-level site visit gives you an excellent overview of this world-class Silver-Gold and polymetallic discovery.
"This is a very classic epithermal system", VP of Exploration Alex Zhang showing us visually.
"This mineralization system is divided into three-parts..."
Is This World-class Discovery Even Larger?
What is the hypothesis as to how the anomalies relates to the main ore body at Carangas? A common feed?
An expanded IP survey over the entire basin indicates more anomalous areas and this will be tested.
"This system could be huge!"
Peter Megaw: I was totally amazed at the SIZE and SCOPE of this system!
Still early days, the system has even more to give.
Recognizing that this was a big juicy system and there were pieces that hadn't been explored in the broad valley.. first drill hole cut 500m of a gram+ gold:
Despite difficult market conditions for the sector, New Pacific raised C$35M last September.
What attracted Pan American Silver $PAAS to invest ~C$13.5M giving them an 11.6% interest?
Silvercorp $SVM added C$6.7M giving them 27.4%.
New Pacific's CEO, Andrew Williams, explains:
This is an extensive, next-level site visit! Well done.
It is over an hour long, well produced providing an excellent perspective of the project.
An array of expert insights of Carangas really helps to explain this world-class discovery!
Additional Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Authors have taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond our control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise outside of the trading timeframe listed above. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The companies mentioned herein may be sponsor of SilverSeek.com. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
About the author
Founder and President of GoldSeek.com and SilverSeek.com
Twitter: @GoldSeek
His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 250,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as the most visited silver website in the world recently reaching 100,000+ monthly silver investor readers.
With over 15 years of experience with investing into gold and silver mining companies, Peter devotes much of his time researching, consulting and investing into gold and silver stocks with a primary focus on micro-caps. His focus is also heavily on gold and silver’s return as monetary metals and the ongoing monetary and financial developments with a global perspective.
Back at the start of the new secular precious metals bull market, Peter established the technically+fundamentally-focused subscription newsletter, Gold Seeker Report. In 2005, he merged the service and co-founded The Gold & Silver Forecaster weekly newsletter.
Peter also specializes in assisting start-up / micro-cap ($1M - $100M+ market caps) companies connect with investors, capital among other specialized consulting services - typically IPO, undiscovered or turnaround situations.
In 2008 he launched an online gold and silver auction house - SeekBullion.com - which in its first year has auctioned over $10 million in bullion and coins with an additional $10M in the coming couple years. In 2012 the site is now under re-development pending a future re-launch.
Peter also makes frequent appearances in the media, including Investors Business Daily, MarketWatch, Reuters, and theStreet.com
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Additional Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Authors have taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond our control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise outside of the trading timeframe listed above. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The companies mentioned herein may be sponsor of SilverSeek.com. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.