Steven's Gold (CSE: SG) is an exploration and development company focused on developing their key assets in Arizona and Nevada.
The Millenium Gold project is located in the Oatman Mining District, Arizona. The property consists of 3 state mineral leases totaling 1,920 acres and is in the general vicinity of the Oatman mining district with over 2 million ounces of gold produced, and Equinox’s (TSX: EQX. Market cap: $3.3B) Cast Mountain open pit gold mine with historic production of 1.1 million ounces of gold. The property hosts epithermal type gold-silver mineralization of economic interest in an area of Arizona and Nevada that is well known for its epithermal gold-silver and porphyry copper-molybdenum deposits. The Millenium gold project is located 160 miles from Las Vegas, and 190 miles from Phoenix, Arizona.
Historical activities on the project includes surface rock sampling which discovered anomalous ore grade gold mineralization over 10-100+ meters. The gold values range from 0.1 g/t to a high of 20 g/t over distances greater than 1000 meters. Details of the surface sampling have defined:
- 1.43 g/t over 28 meters;
- 1.5 g/t over 15.6 meters;
- 1.9 g/t over 10 meters;
- 2.0 g/t over 13.5 meters
Westley Mining International in 1998 reported continuous panel samples in an east-west direction totaling 158.5 meters in length and averaging 0.97 g/t gold and 5.7 g/t silver. An intersecting north-south panel reported an interval totaling 140.2 meters in length averaging 1.12 g/t gold and 5.7 g/t silver. Five of eight drill holes within this window report gold mineralization, including 33 meters averaging 0.6 g/t gold.
Millenium is strategically located in the center of the Colorado Gold Belt which contains the Moss Mine (Northern Vertex. TSX.V: NEE. Market cap: $125M), Copperstone Mine (Arizona Gold. TSX.V: AZG. Market cap: $48M), and is 75 miles northwest of Equinox Gold (TSX: EQX. Market cap: $3.3B) Castle Mountain Gold Mine. The proven and probable ore reserves at Castle Mountain Gold was 3.6Moz @ 0.56 g/t gold, and produced more than 1Moz of gold from 1992-2004.
As of today, Steven’s Gold (CSE: SG) has 38.5M shares outstanding, and is currently trading at $0.295, giving it a market cap of $11.36M. The share structure breakdown is as follows – 42% held by insiders, 31% held by insiders, and 27% held by retail.
Steven’s Gold (CSE: SG) is run by a team of highly successful capital markets, and geological professionals:
Charles (Bud) Malette, President & Chief Executive Officer
Mr. MaLette was an Investment Advisor for more than 35 years with Canaccord Genuity Corp., and retired in December 2018. He has an extensive capital markets career in – structuring, financing, and analyzing public companies in various industries.
Mr. MaLette has been the Chief Executive Officer, President and a Director of Stevens Gold since 2018.
John Mirko, Director
John Mirko has 40 years of experience in the mining industry. He is currently President, CEO, and Director of Rokmaster Resources Corp. (TSX.V: RKR), a Vancouver-based mineral exploration company focused on North, Central and South American projects. Previously, he worked with Roca Mines Inc. as a founding Director for nine years, where he assisted with putting into production a 500 tonne per day (TPD) mine and concentrator. He was co-recipient of Association for Mineral Exploration BC's "E.A. Scholtz Medal" (2008) for excellence in mine development, and the Mining Association of BC's "Mining and Sustainability Award" (2009) for Roca Mines' MAX Molybdenum Mine.
From 1986 to 2010, Mr. Mirko was a founding Director of Auckland Exploration Inc., Pacific Rim Mining Corp., Frontier Pacific Mining Corp., and Stikine Energy Corp.
Michael Williams, Advisor
Michael Williams brings over 24 years of experience as senior executive within the mining industry. He specializes in the structuring, financing, administering and the marketing of Toronto Stock Exchange listed companies.
Mr. Williams is the founder and Executive Chairman of Aftermath Silver (TSXV: AAG) which recently raised $16 million and recently announced a sliver resource estimate of a silver-gold project in Chile.
Mr. Williams has held a senior role in several public companies including Underworld Resources Ltd, which was sold to Kinross Gold Corp for $138,000,000.
Steven’s Gold (CSE: SG) is positioned perfectly from the aftermath effects of the Covid-19 virus. With countries announcing trillions of dollars in stimulus packages, the current outlook for global economies signal unprecedented risks. The most notable hedge against financial ruin is the yellow brick – GOLD. The company has commenced drilling to test multiple targets outlined from previous work and has planned up to a 3300m drill program.