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    CMB   CA12571Q4034

CMC METALS LTD.

(CMB)
  Report
Delayed Bourse de Toronto  -  03:52 2022-08-09 pm EDT
0.2000 CAD    0.00%
07/20Preliminary Exploration Identifies Polymetallic-Gold Mineralization Potential at CMC's Bridal Veil Property, near Gander, Central Newfoundland
AQ
07/19CMC Metals Ltd. Preliminary Exploration Identifies Polymetallic-Gold Mineralization Potential At CMC's Bridal Veil Property, Near Gander, Central Newfoundland
CI
07/13CMC Metals Ltd. Contracts Gravity Geophysical Survey to Further Delineate CRD Targets at its Silverknife Property, Northern British Columbia
CI
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Highbank Resources Signs an Option Assignment Agreement with CMC Metals on the Terra Nova Property in Newfoundland

07/04/2022 | 01:33pm EDT

Highbank Resources Ltd. announced that they have signed an Option Assignment Agreement with CMC Metals Ltd. on the Terra Nova property in Newfoundland. The Terra Nova property consists of 71 claims (6 licences) located 30 km northwest of Port Blandford in central Newfoundland. Access is from the town of Terra Nova via 12 km of transmission line road built from the Lower Churchill Falls power development project. HBK has an option to earn an 80% ownership in the property. An alteration area of 12 square kilometers has been identified, which to date has been subjected to limited exploration. The project has the potential to host mesothermal gold-polymetallic deposits. The property lies within the Gander Zone, which is an area of significant exploration interest as a result of Newfound Gold Corp.'s Queensway gold project. Highlights of the property include: The property currently comprises five mineralized showings the Copper Vein; Nancy's Gold Vein; New Alteration Zone; the Silver Pit; and Galena Vein showing. A grab sample collect at the Copper Vein showing produced 354 ppb Au, 43.8 g/t Ag, 2.33% Cu and>1,000 g/t W (Tungsten); A grab sample at Nancy's Gold Vein showing assayed 6,812 ppb Au, 159.6 g/t Ag, 1,562 ppm Cu and >1000 g/t W. Samples collected from the Galena showing have reported assay values of 953 ppb Au, 59.8 g/t Ag, 7.2% Pb, and >1000 g/t W. In March 2022 CMC Metals Ltd., completed a ground magnetometer survey (approx. 35-line km) with the services of McKeown Exploration Ltd., of St. John's, Newfoundland. These surveys have helped to provide an indication of possible areas of mineralization associated with large-and local-scale structures (faults, dykes, shear zones, etc.), variations in the near surface geology as well as depth, and to identify demagnetized zones which are an indicator of areas that have been subjected to hydrothermal activity.


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All news about CMC METALS LTD.
07/20Preliminary Exploration Identifies Polymetallic-Gold Mineralization Potential at CMC's ..
AQ
07/19CMC Metals Ltd. Preliminary Exploration Identifies Polymetallic-Gold Mineralization Pot..
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07/13CMC Metals Ltd. Contracts Gravity Geophysical Survey to Further Delineate CRD Targets a..
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07/05CMC Metals Ltd. Signs Option Agreement on Terra Nova, Newfoundland
AQ
07/04Highbank Resources Signs an Option Assignment Agreement with CMC Metals on the Terra No..
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07/04CMC Metals Options Terra Nova Property in Newfoundland to Highbank Resources
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06/21CMC METALS : Mobilizes Field Crew for Its Largest Exploration Program in the Emerging Ranc..
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06/21CMC Metals Ltd. Announce First Field Crews Have Been Mobilized to the Silver Hart Prope..
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06/13CMC Announces the Identification of a Significant Area of Exploration Interest at Its R..
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06/13CMC Metals Finds "Significant" Area of Interest at Rodney Pond in Newfoundland; Shares ..
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Financials ()
Sales 2021 - - -
Net income 2021 -3,04 M - -
Net Debt 2021 0,00 M - -
P/E ratio 2021 -2,38x
Yield 2021 -
Capitalization 30,1 M 23,4 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 85,0%
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Number of Analysts 1
Last Close Price 0,20 CAD
Average target price 0,25 CAD
Spread / Average Target 25,0%
Managers and Directors
Kevin Brewer President, Chief Executive Officer & Director
Mark Gordon Luchinski Chief Financial Officer
John Bossio Chairman
Robert Wheeler Independent Director
Graham Alistair Chisholm Secretary & Independent Director
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