Trius Investments just purchased 300,000 shares of Pasofino Gold (TSXV: VEIN) yesterday in the open market at $0.30 per share.
VEIN will be earning a 49% stake over the next two years in the Dugbe Gold Project the largest gold project in Liberia. It is the former flagship project of Hummingbird Resources plc, a major London Stock Exchange listed African mining/exploration company, which has invested US$70 million into the project while defining a historical March 2014 indicated resource at the Tuzon deposit of 41,800,000 tonnes grading 1.51 g/t gold for 2,031,000 oz of gold plus an inferred resource of 10,201,000 tonnes grading 1.32 g/t gold for 435,000 oz of gold. It has also defined a historical March 2013 inferred resource at the Dugbe F deposit of 43,000,000 tonnes grading 1.28 g/t gold for 1,760,000 oz of gold.
VEIN later this year is expected to finish earning a 50% stake from SOQUEM in the advanced Roger Gold Project located in Quebec’s prolific Abitibi Greenstone Belt! The Roger Gold Project already has an indicated resource of 297,000 oz of gold or 333,000 oz of gold equivalent with a major resource update coming soon that will factor in VEIN's very successful Phase 2 drilling campaign from late-2019 that achieved multiple high grade gold intercepts!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from VEIN of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.