Advertorial

Renowned silver explorer makes another massive discovery

11046

Advertorial

About 15 years ago, I happened upon one of the greatest investment wins of my long career. I was walking down the rows of booths at an investment conference when someone called my name.

It was my friend Rui Feng, a PhD geologist who had locked up an exceptional silver project in China. It was a fantastic deposit, but no one was paying it any attention.

I had tremendous respect for Rui’s talents, however, so I stopped and let him show me the whole story from top to bottom. I couldn’t believe how much high-grade silver was being indicated at his Ying silver project in China.

It’s Happening Again…

With a result like that, you know that I was eager to invest in Rui’s next venture.

He proved to me he has an eye for exceptional value, so I was anxious to see what he was going to find next. And I was willing to be patient…because I knew he wouldn’t pull the trigger unless he had a world-class target in his sights.

But I had no idea I’d have to wait over 14 years!

I was absolutely amazed last year when Rui called to tell me he’d found yet another world-class silver project.

It was a huge — and I mean absolutely enormous — silver discovery in Bolivia.

This project had been outlined by a local company to be about 1,500 meters long and around 125 meters wide. (So nearly a full mile long!)

Better yet, the grades were fantastic. Three holes were drilled, with each cutting well over 150 meters of silver grading over 150 grams/tonne. Even better, the mineralization was near the surface.

After drilling their own holes to confirm those results, $40 million was raised to acquire it…and they got ready to begin their own drilling.

Confirmation Of Another Massive Discovery

Fully 190 of those holes hit silver…and the results were amazing.

Highlights included 135 meters of 240 grams/tonne silver…273 meters of 84 g/t silver…99.91 meters of 244 g/t silver…192.93 meters of 123 g/t silver…95.2 meters of 162 g/t silver…48.5 meters of 211 g/t silver…22.73 meters of 330 g/t silver…35.86 meters of 277 g/t silver…2.0 meters of 2,099 g/t silver.

Again, on and on and on….

The scope of the project grew significantly not only with grades like these, but also with the area drilled. The company announced that the drilling covered an area about 1,600 meters long north-south and up to 800 meters wide east-west.

That’s about a mile long by about a half-mile wide. Again, just enormous.

So how much silver is there?

There’s no telling at this still-early stage. I have seen a report from one analyst who, after the release of the latest drill results, upped his target from 200 million ounces to 250 million ounces!

More To Come —
Perhaps Much More

Remember, it was reported that these drill holes, all 195 of them, came in an area extending about 1,600 meters long by 800 meters wide. That’s roughly a mile long by a half-mile wide.

Now, the silver-mineralized zones within this area pinch and swell, and dip deeper. Still, there’s no mistaking that this project is truly tremendous in size.

But it could get much, much larger.

You see, well outside of the area they drilled there were signs that the silver mineralization extended much further.

So the company had been quietly working to expand their land position for over a year before reporting the first drill results.

“Assay results of surface sampling of hundreds of artisanal mining dumps and continuous chip-sampling from artisanal underground mining tunnels reveal the silver mineralized fracture zones could extend at least by 3,000 m to the north and 500 m to the west and the east, as well as extending up to 1,000 m to the south of the areas drilled in 2018.

“These newly identified extensions of the mineralized fracture zones will be the targets of the continuing drilling program in 2019.”

So another 4,000 meters in length and another 500 meters in width.

Add it all up, and that 1,600 meter-by-800 meter target area could grow to 5,600 meters long by 1,300 meters wide. That’s about 3.5 miles long by three-quarters of a mile wide!

I can’t remember ever seeing a mineralized target this large over the more than three decades I’ve been in this business.

And as they point out in that excerpt above, the company renewed their drilling, with yet another big, 55,000-meter program.

That drill program is on-going at this very moment…and yielding amazing results like the “jewel box” zone I described above.

Here’s The Opportunity

After a slow start, the news is starting to flow in fast and furious fashion from what appears to be a globally important new silver discovery.

This has a few compelling implications for us as investors:

1) From out of nowhere, a new world-class silver project has suddenly emerged…just as the price of silver has begun a powerful run higher.

2) Still ahead is the first resource estimate — and it could stun the market with potentially hundreds of millions of ounces of silver.

3) Word is starting to get out about this remarkable silver discovery — investors just oversubscribed a big financing, handing the company another C$17.3 million to keep drilling aggressively.

4) Over the next few weeks and months, the company will continue to release drill results. This could make it obvious that the project is much larger than the market is currently estimating.

I urge you to sign up for our newsletter and learn the name of this silver project,  before more news comes out, and as silver prices are finally taking off.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.