By Jeb
This may be the best time to invest in both poly-metallic assets in the past generation. Base metals have been basing for close to ten years since the 2008 credit crisis when the globe went into a deflation. Now the base metals led by copper and zinc have already broken out.
They may be consolidating and making a short term pullback to the rising 50 DMA which should act as support. According to some traders the first pullback to the 50 DMA is a secondary opportunity to those who have missed the breakout.
Precious metals are following suit with a breakout of gold at $1300 and silver stock ETF $SIL at $34. Notice a few silver miners are breaking out including Dolly Varden $DV.V $DOLLF which I have been highlighting for a few weeks now on exciting exploration news.
The US dollar is finally falling and the Fed’s job of re-inflating the economy appears to be working. Inflation is accelerating along with asset prices. This falling dollar and rising inflationary pressures are the factors that are helping start this rally.
I am looking for high grade systems which have not only gold and silver but lead, tungsten and zinc exposure as well.
Margaux Resources $MRL.V $MARFF is relatively unknown and hardly trades right now but that could change in the next few weeks as they start drilling this Autumn and possibly releasing assay results.
I would like to highlight recent samples from a showing on their properties that showed ridiculous grades of 35 g/t Gold, 1,000+ g/t Silver, 30+% lead and 13+% zinc. This vein identified has never been drilled or reported even though there has been 100 years of work at the camp. Since this time they have released high grade samples from all over their property package.
Margaux released more samples from their Ore Hill property which returned high-grade gold values, including 119 g/t (or 3.8 oz/ton) and 105 g/t Au (or 3.4 oz/ton), high-grade silver grab samples including 496 g/t Ag (or 15.9 oz/ton) and 195 g/t Ag (or 6.3 oz/ton), and high zinc grades including 22.8% Zn and 17.5% Zn. According to Margaux, there is widespread mineralization on the property.
Another potential wildcard for Margaux is that it has a lot of historic tungsten tailings from the Jersey Emerald Mine. Tungsten has rebounded significantly over the past three months so Margaux is partnering with Cronimet a leading tailings recycling firm to possibly recover some of the tungsten and clean up the tailings in this mining region. Its important to note that this mine was the second most productive tungsten mine in North America.
They have been flying way under the radar consolidating properties with multi-metal exposure. This is the first time this Sheep Creek region in the Kootenays BC has been consolidated in over 100 years and they got some good deals in this bear market. Now that they control 26 out of the past producing 34 veins and as metal prices break out they are confident in telling this story across the globe as we move into a bull …read more
Source:: Gold Stock Trades.com
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