Short Term Trading Week Starting: 11th July, page-570

  1. 12,115 Posts.
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    STTCOMP VAR, FA LONG
    Market cap 11m approx. cash 3m approx.
    GOLD, SILVER and ZINC

    Reasons for the tip - Recent funds were raised to do the following
    1. Drill the Porte-aux-Moines zinc-lead-copper-silver-gold VMS deposit within the Merléac project, notably the thick and high grade lens of the Main Zone and possibly the shallow sections of the deposit.
    2. Drill the Ville Tirard and Belleville gold prospects within the St Pierre Gold Project.
    3. ontinue the exploration and evaluation of the numerous VMS targets hosted within the Le Roz and PAM-Gausson trends at Merléac in preparation for drill testing.
    4. Continue soil sampling over key prospects at the St Pierre Gold Project to define further drill targets.
    5. Continue its evaluation and exploration work over its other licences, notably towards a drill programme at the Beaulieu Tin Project.
    6. Progress the two current PER applications to successful grant.
    7. Continue project generation activities in France.
    8. General working capital to be used in Variscan’s exploration business.

    seems like a pretty active play to me
    Cheers
 
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