Summary from MineLife newsletter, July, 2021, by Gavin Wendt
Summary AWV’s share price has suffered due to a prolonged period of inactivity, so we welcome the renewed focus on its Big Springs project in Nevada. The prospect of commercialising Big Springs is better than it has been for many years. AWV has been supported in its plans by a fresh injection of exploration capital and a revitalized board, along with the $9 million in sale proceeds from the disposal of its Linden Gold Project in Western Australia.
The 2021 program is planned to aggressively test extensions to existing resources at Big Springs as well as drilling of high-priority new exploration targets worked up through the 2020 field season. The acquisition (by First Majestic) of the nearby Jerritt Canyon mine is also enormously significant, as it is located immediately adjacent to Big Springs, with the entirety of the Big Springs tenure located within a 20km radius of the Jerritt Canyon mill. The highly prospective Golden Dome South prospect, identified from last year’s intensive geophysical survey work, shares a tenement boundary with Jerritt Canyon, and is located less than 10km from the Jerritt Canyon mill.
AWV therefore remains firmly held within our coverage Portfolio.
AWV Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
