secova metals near term gold producer in quebec


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Secova Metals (CSE: SEK & OTC SEKZF) is an extremely exciting near-term gold producer in the province of Quebec, Canada which is currently trading at a ridiculously low valuation.

Secova Metal's is a Canadian environmentally aware resource exploration and processing company. One of its business strategies is acquiring old abandoned mining sites that have historical tailings which can be reprocessed to extract the remainder of the metals. While processing the tailings, it will systematically explore the property for more in-ground ore to process. Once processed, the toxic sites are returned back to their natural non-toxic state.

3D Model of the Montauban Gold and Silver Processing Plant

Production is expected to begin in about 6 to 9 months at its 100% owned Montauban project. The 16,000 sq ft processing plant has been built (located right beside one of the largest tailings sites), it is fully permitted for production, all infrastructure is in place and most of the large pieces of the processing plant have been purchased. The installation of the processing equipment is expected to begin in early June, 2022. Once completed, gold and silver dore bar production will begin.

Processing Montauban's 5 tailings sites and the near-surface historical resource (1 million tonnes grading 3.4 g/t gold and about 1 oz/tonne silver) could potentially generate C$259.4 million in post processing revenue (using US$2000 gold, US$25 silver & exchange rate of 1.30).

Although the property was mined for base metals from 1910 to 1966 and some gold veins were mines from 1983 to 1990, a historical data base review identified that gold was not systematically assayed at the Montauban Zone which was mined prior to 1954.

The massive sulphide with possible gold mineralization was logged but not assayed for gold as the focus was base metals. The Technical Report's assessment concluded that "the potential for precious metal deposits near the historical deposit was not adequately assessed during the base metal production phases." Systematic exploration could identify vast quantities of ore to process.

The province of Quebec currently has about 263 abandoned toxic projects. The CEO has publicly stated that he would like acquire the next 4 or 5 best projects and would be working with the province of Quebec for more reclamation projects like the Montauban. He mentioned that he hopes to acquire 2 or 3 in 2022.

Reclamation projects like the Montauban have low capital costs, low risk, the immediate processing of the tailings quickly recovers the capital expenditures upfront and funds systematic exploration programs to locate more ore for processing.

Prior to becoming the CEO/President of Secova Metals, Brad Kitchen was CEO/President of Eagle Hill Exploration. He basically took an abandoned project called the Windfall Lake project, systematically explored it and it's now owned by Osisko Mining.

It's now a 6.8 million oz gold (measured, indicated & inferred) and counting deposit with a large amount of the drill rigs aggressively drilling at the project.

Eagle River Project

Secova Metals has a very large strategic project (Eagle River Exploration) which was acquired well before the Windfall Lake region looked like it would become Canada's next gold camp. The project is adjacent to and on-trend to several gold projects in the area so there is a lot of potential with this exploration project.

Secova Metals has about C$2.4 million from flow-through financing that needs to be spent on exploration in 2022. The company will soon be drilling at both properties (Montauban & Eagle River).

Secova Metals has outstanding potential of attaining a very high market capitalization in a rising precious metals bull market as it successfully/aggressively implements its restoration, recovery & exploration strategy resulting in producing projects.

If interested in reading the full in-depth 65 page report on Secova Metals or viewing the dedicated page containing all the research material, please see The Shareholder Report:
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