Broker Skanderbeg Capital is in the final stages of a raise for a gold prospect located in the US state of Montana. The miner is about to start a European investor road show later this month, but the stock is scheduled to hit the market next week in Canada, Skanderbeg confirmed with us this week.
The private Montana-based gold and silver developer is focused on advancing a consolidated project which sits primarily on patented land. There has been considerable work on the project already with 320 drill holes and a high grade core, but this is really 1990s historic exploration. We are looking here at a non NI 43-101 unconstrained gold resource of 2.8m oz at 0.89 g/t Au Eq open at depth, along strike and untested regionally.
We understand that much of the initial issue has been picked up by a group of five seasoned backers of mining projects. Given the state of stock markets this week, it is possible that early investors may be able to achieve superior pricing on the deal. More details follow.
The rest of this page is for members only. Please log in below or visit the registration page for Armchair Trader+ to see the benefits of becoming a member.
Log In or Sign Up to Armchair Trader+
Already a member? Log in here:
Not a member yet? Sign up for your free trial or check out the benefits of membership.
Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader+ for further details on the benefits of becoming a member.