CMC Metals CEO Kevin Brewer: Discovering the Next Major Silver District in the World | Summary and Q&A

TL;DR

CMC Metals is an exploration company focused on acquiring and exploring mineral projects in Canada and the US, with a primary focus on the silver heart project in the Yukon.

Key Insights

• 🥈 The silver heart project in the Rancheria district is expected to be a significant silver district.
• 🥰 CMC Metals has expanded its exploration footprint on the silver heart property by over a thousand percent since 2019.
• 🥈 The silver heart property has a high-grade resource that surpasses the global average for silver mines.
• 💦 The company aims to make the silver knife and amy properties drill-ready through gravity survey work.
• 🧖 CMC Metals plans to attract joint venture partners for the silver knife and amy properties.
• 👰 In Newfoundland, the company is conducting soil programs and trenching on the bridal veil property and aims to gain a better understanding of the mineralization at the terra nova property.
• 🤨 CMC Metals is undervalued and plans to raise funds through marketing efforts and conferences.

Transcript

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Questions & Answers

Q: What is the current status of the silver heart project in the Yukon?

The silver heart project is located in the Rancheria silver district and has expanded its exploration footprint significantly since 2019. The project has identified eight new drill targets and has published a high-grade resource estimate.

Q: What are the next steps for the silver heart project?

The next steps involve continuing resource definition drilling in the main zone and trenching and drilling on new targets. The company plans to drill approximately 10-15,000 meters in total.

Q: What are the plans for the silver knife and amy properties?

The silver knife and amy properties, located in British Columbia, are planned to be made drill-ready through gravity survey work and data compilation. The company aims to attract joint venture partners for these projects.

Q: What is the plan for the bridal veil and terra nova properties in Newfoundland?

The company plans to conduct soil programs and trenching on the bridal veil property to further assess its potential. For the terra nova property, the plan is to improve access, conduct trenching, and gain a better understanding of the mineralization present.

Summary & Key Takeaways

• CMC Metals is actively exploring the silver heart project in the Rancheria silver district, which is considered the next major silver district in the world.

• The project has expanded its exploration footprint by over a thousand percent since 2019 and has identified eight new drill targets.

• The silver heart property has a high-grade resource, which is significantly greater than other silver mines globally.