Total Metals (TSXV: TT) Gains 10.61% to New All-Time High of $0.73!
NIA's latest brand-new stock suggestion: Total Metals (TSXV: TT) gained by 10.61% today to a new all-time high of $0.73 per share on record volume of 510,510 shares.
TT has 29.7 million shares outstanding for a current market cap of only CAD$21.68 million.
TT's flagship Electrolode Project is located along the Confederation Lake Greenstone Belt near Kinross Gold (KGC)'s Great Bear Project that Kinross acquired in 2022 for CAD$1.8 billion.
The original exploration work at the Electrolode Project was conducted by Noranda the same company that did the early exploration work at Great Bear. In the 1990s, Noranda was the dominant force in Canadian metals exploration. It was one of the largest companies in all of Canada.
Noranda aggressively tested volcanogenic massive sulphide (VMS) targets across Canada in search of copper and zinc deposits including at Great Bear and Electrolode. At Great Bear, Noranda drill-hole P-93-1 from 1993 intersected the LP Zone of what became the Great Bear Gold Deposit, but it was not sampled for assays at the time. Noranda only sampled massive sulphide horizons in drill-core and ignored stringer sulphide zones containing quartz veins because Noranda was exploring only for base metals and the Confederation Belt was considered then to have no gold potential.
TT is about to begin sampling Noranda's untested historical drill-core for gold and has drill logs from 1997 of Noranda indicating quartz veining exists in unsampled Electrolode historical drill-core.
Electrolode's Arrow Zone already contains an inferred resource with 2.1 million tonnes at 0.66% copper, 4.75% zinc, 0.66 g/t gold, and 17.7 g/t silver.
TT has just announced a deal to acquire two additional high-grade gold deposits, High Lake and West Hawk Lake, located along the Ontario-Manitoba border.
Here are examples of some of High Lake's historical drilling intercepts:
- MLHL-22-06 intersected 24.96 g/t gold over 14.9 metres, from 325.56 to 340.46 metres
- MLHL-22-17 intersected 148.37 g/t gold over 1.3 metres from 113.20 to 114.50 metres
- MLHL-22-45 intersected 9.20 g/t gold over 26.4 metres from 292.1 to 318.5 metres
- MLHL-22-40 intersected 6.14 g/t gold over 24.55 metres from 14.61 to 41.80 metres
- MLHL-22-12 intersected 13.52 g/t gold over 6.5 metres from 229.00 to 235.5 metres
- MLHL-22-28 intersected 9.82 g/t gold over 9.75 metres from 25.25 to 35.00 metres
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. NIA has received compensation from TT of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
