Total Metals Gains Third Straight Day on Strong Volume
Total Metals (TSXV: TT) gained by 2.13% on Friday to $0.24 per share on strong volume of 1.24 million. This was its third straight day of gains, yet its market cap remains at only US$10.16 million!
Besides the company's acquisition last year of the High Lake/West Hawk Lake Gold Projects in Northwestern Ontario/Manitoba from McFarlane Lake Mining (CSE: MLM), which are two of Canada's highest grade gold projects… Total Metals (TSXV: TT) in April of this year acquired the Pick Lake Zinc/Copper Project in Ontario from Frontier Energy Limited (ASX: FHE).
Pick Lake Zinc/Copper Project
Pick Lake has a historical resource estimate of:
| Category | Tonnes | Zinc | Copper |
|---|---|---|---|
| Indicated | 1.78 million | 19.2% | 0.9% |
| Inferred | 270,000 | 16.4% | 1.0% |
Menary Gold Project
In addition, in March of this year… Total Metals (TSXV: TT) acquired the Menary Gold Project in Ontario adjacent to Coeur Mining (CDE)'s Rainy River Mine!
High Lake Gold Project
Total Metals (TSXV: TT) is drilling right now at the High Lake Gold Project with a current NI 43-101 mineral resource estimate of:
| Category | Tonnes | Gold grade | Ounces |
|---|---|---|---|
| Indicated | 152,000 | 9.38 g/t | 45,800 oz |
| Inferred | 287,000 | 10.43 g/t | 96,200 oz |
McFarlane Lake Mining (CSE: MLM) drilled 20,400m across 79 holes at High Lake in 2022-2024 with results like 24.96 g/t Au over 14.90 meters (including 43.22 g/t Au over 7.99 meters) in drill hole MLHL-22-06.
West Hawk Lake Gold Project
Total Metals (TSXV: TT)'s adjacent West Hawk Lake Gold Project just across the border in Manitoba has a total historical mineral resource estimate from 1983 of 457,000 tonnes grading 13.97 g/t gold, containing 204,200 ounces of gold.
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 and previously received $100,000 cash for a twelve-month marketing contract which has since expired. This message is meant for informational and educational purposes only.