If it looks like a bull market (technical breakout in gold), smells like a bull market (significant negative yielding debt) and feels like a bull market (funds flowing into gold), it must be a bull market. Our analysis shows that equities in smaller sized companies outperform during a bull market. However, not all junior miners are created equal, and we believe there are three keys to picking them.
Impact: Positive
Lupaka Gold has announced assay results from the ongoing underground channel sampling program from the new development headings on the 3400 level and 3430 sublevel at the company’s Invicta Project in Peru.
Impact: Mildly Positive
Lupaka Gold has announced that the processing of mineralized development material has commenced at the Invicta Gold Development Project and the first concentrates have been successfully produced.
Impact: Mildly Positive
Lupaka Gold has released results from channel sampling within the vertical relief raise development between the 3400 Level and 3430 sublevel at its 100% owned Invicta Gold Development Project, located in Peru.
Impact: Positive
Lupaka Gold announced assay results from a sampling program on the newly constructed 3430 production sublevel, 30m up-dip from the existing 3400 Level at the company’s Invicta Gold Project in Peru.
Impact: Mildly Positive
Lupaka provided an update regarding development activities at its Invicta Gold Project.
Lupaka Gold Corp. (TSXV:LPK) completed an underground sampling program, reporting similar and higher grades than outlined in the company’s recently announced PEA for its Invicta project. Sampling targeted the 3400 Level Atenea Vein, with average results returning 9.86 g/t AuEq over 130m (width 6.1m), in the footwall vein and 7.00 g/t AuEq over 70m (width 6.0m) in the hanging wall vein split.
Lupaka Gold Corp (TSXV:LPK) released an updated resource estimate and PEA for its Invicta project in Peru, which was better than we expected after our recent site visit.
Lupaka Gold Corp. (TSXV:LPK) has reported that it has secured the necessary funding required for the rehabilitation, preparation and development work at the Invicta Gold Development Project, which the company hopes to advance towards production in H2 2018. The company received $2.5M in proceeds from Tranche 3 of the total $7M Pre-Paid Forward Gold Purchase Agreement with PLI Huaura Holdings LP, as well as approximately $3M from the sale of 3.1M shares in GoldMining Inc. (TSXV:GOLD).