SNS Precious Metals is a screaming buy under .20. This tiny 10M market cap exploration company has a gem of a property with Emerald Lake. Emerald Lake is host to the old Golden Rose Mine which was a past producing high grade mine.
Recently SNS announced some very high grade results from the Golden Rose project of 2meters grading 171 grams per ton of gold. These are partial results from this hole with the high grade ending in the old mine workings. They are awaiting results of a 8.50 foot section that is between a 6g/t section and a 10g/t section so in itself could add more value to this extraordinarily high grade hit.
This hole was the teaser hole before the marketing program for SNS hits off. I think they are trying to dot all the i's and cross all the t's before they really kick the promotion side of things into full gear as there are other holes that SNS is awaiting on that they state look even better than the one they released. I think they are trying to time the market conditions with strength in bullion and a breakout to get the most effect out of their SP. Anyway, this is a good little stock and is very cheap to recent share price and soon to have a dramatic revaluation to the upside as the potential of Emerald Lake becomes known.
If I were to compare 2 projects that are somewhat similar I would compare SNS and EAG... My money is on Emerald Lake, not Windfall Lake.
Some historical information on Golden Rose....
Already a known resource!!!
Estimated 617,000 ounces gold contained within 2.4 million tonnes (non N43-0101 compliant)
Tons of Infrastructure!!! Reduced exploration and development costs!
Property already has a ton of infrastructure which will provide easy access for drilling and greatly reduced development costs if the project goes forward. The property is developed by five levels off of a vertical shaft to 750 feet, and two levels off of an inclined winze to 1,000 feet. All of the past production took place above 700 foot elevation. Ramp development reaches to about 800 feet vertically providing good access to evaluate the high-grade areas. What is curious is that almost all of the extremely high grade intersections are 800' and below with a historical intercept of 84 feet grading 14 g/t coming below the 1000' level so there is huge potential at depth.
Huge Untapped Exploration Potential!!!
The Emerald Lake Project has excellent untapped exploration potential with only a 1,600-foot length of a four-mile structure has been extensively explored, and with high grade material known below the 1,000-foot level at the east end of the developed areas.
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