In John’s technical outlook for Excel Mining Inc. (EGM, TSX-V) Tuesday evening, he concluded with the statement, “The technicals are saying there is a fundamental change happening with this company.”
Interesting statement – John is terrific at analyzing charts, and he is truly excited with what he sees in EGM. The technicals with Excel do look superb and we’re very much looking forward to our upcoming trip to Quebec as we’ll be checking out the company’s Montauban Mining Camp Project to get an even better appreciation of what’s developing there. At BMR we do our homework – the BMR Portfolio is up 129% since late last year – and we’ve already researched Excel enough to know there is major “blue sky” potential here.
Below are some things we DO know – important facts – based on Excel’s latest news releases:
1. The company holds a 130 sq. kilometre land package around the former producing Montauban Mine, 120 kilometres west of Quebec City;
2. Mineralization at Montauban is near-surface and consists of gold, silver, zinc, copper and lead;
3. The property is surrounded by all the necessary infrastructure including a nearby railway;
4. There has been only very limited historical drilling below 200 metres at Montauban;
5. Montauban has a massive sulphide core which was mined for zinc and lead in the early 20th century;
6. Gold and silver were later discovered at Montauban, present within the base metals, but in an even greater concentration within the peripheral sulphides which have not been fully explored;
7. Excel believes there is a good chance that the mineralized system at Montauban extends onto the surrounding land package the company has strategically assembled;
8. Excel is completing a 3-D Gemcom overview of Montauban (this is a great geological tool) based on extensive historical geological information available on the property;
9. Excel has completed a successful shallow drill program at Montauban which delivered near-surface gold, silver, zinc and copper mineralization (within 50 metres depth);
10. There is an historical resource at Montauban which Excel will be quantifying in an upcoming 43-101 report.
Those are the facts. Investors who like to do their due diligence will also discover there has been NO insider selling (only some buying) with this company in the stock’s strong move from a nickel over the past 3 months. That is quite remarkable. Astute investors will also note that “Grupo Moje” has stepped into the picture and was granted 1.4 million stock options at 11 cents as per Excel’s June 25 news release.
Above are just some of the facts regarding Excel that really intrigue us with this company. We have more to report, though, and our upcoming trip to Quebec will allow us to confirm additional information on Montauban through the Quebec Ministry of Mines and a site visit. Stay tuned – an exciting geological story is unfolding here that we believe has many more chapters.
