Pursuit Minerals (ASX:PUR)
If you want to get your hands on a large economic source of zinc, what better place to look than in a region blessed with the largest concentration of zinc deposits in the planet?
As one of the world’s greatest base metal provinces, this is exactly what the Mt Isa super basin offers. The Mt Isa region is already one that is getting small cap stock speculators all hot and bothered.
New Century Resources (ASX:NCZ) has been a zinc market favourite over the last few months, and has a market cap of almost $334 million…
We aren’t here to tell you about that company, as all the value is already reflected in its current share price.
The company we are presenting today holds over 120 km2 of zinc mineralisation, just 72 kilometres down the road from NCZ.
And it’s capped at just $14 million — a fraction of that of old NCZ.
This little company has probably the largest zinc system in Australia… and it is drilling into it right now.
Having recently raised $6 million, the company is drilling into a bevy of targets that have had around $13 million already spent on them by global mining majors such as Teck, WMC and Anglo. However these projects have never been in the hands of a junior explorer, until now, and consequently never had the care and attention a company like this one can give them.
The information on this page should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
This micro-cap represents a prudent way of backing the zinc resurgence currently underway. It has selected the largest area of zinc mineralisation in Australia in which to acquire its basket of projects and is already drilling to hasten exploration efforts and assay results.