Secova Metals (SEK:tsxv) Prepares to Dominate the Junior Gold Market
– Momentum Public Relations – Dana Hinders
A Canadian gold exploration company based in Vancouver, BC, Secova Metals (SEK:tsxv) is poised to take the driver’s seat as the market for mineral resources improves in 2016 and beyond. Recently, Secova made plans to acquire up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Duvay advanced gold project in Amos, Quebec. Known as the Duvay gold project, this near surface high grade gold exploration project consists of 105 claims covering over 4,500 hectares. Previous exploration of the site has been done by both Tres-Or and Aurizon Mines Ltd. Secova plans to use this data to develop an advanced stage exploration program that will add value for shareholders.
Historically, work at Duvay has been focused close to the surface. This includes 339 drill holes with an approximate depth of 100 meters (328 feet) scattered across an area that is just 250 square meters (2,690 square feet). Visible gold showings and historic drill samples of up to 402 g/t gold occur on the property. In a strategic move, Secova recently acquired 69 adjacent claims expanding their property size and giving them one large contiguous package of 7,065 hectares.
The Duvay gold project will be managed by Pierre-Jean Lafleur. Lafleur was appointed to Secova’s Board of Directors in February and is considered to be one of the best geological engineers in the business with experience in areas such as exploration and mining, including ore reserves, mine planning, and more. Lafleur’s first task as manager of the Duvay project was to commence the winter exploration program, which includes over 3,250 meters (10,660 feet) of drilling as well as a 3D IP survey and the addition of historic data into a 3D model.
InnovExplo, located in Val d’Or Quebec, will produce a computer database of historical drill logs for 3D geological modeling. An international service provider in geology, mine engineering, and sustainable development, InnovExplo is experienced in using MapInfo, Leapfrog, GoCAD, and Gems and Whittle from 3DS GEOVIA. InnovExplo’s work will be combined with an IPower 3D IP survey from Abitibi Geophysics in Val d’Or to identify drilling targets and project field work for Duvay.
As Secova prepares to move forward, one of the company’s biggest strengths is its strong leadership team. CEO Brad Kitchen was previously the Chief Executive Officer and President of Eagle Hill Exploration Corporation before it was taken over by Oban Mining. With 25 years of experience in investment banking and leading corporations, Kitchen is known for his leadership, corporate governance, and team building expertise. Kitchen was instrumental in leading the development of Eagle Hill and has stated he sees Secova’s properties having the same potential for success.
Secova trades on the TSX Venture with the symbol SEK. The top three company owners include management and insiders (58.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} stake in the company), a Canadian mining fund (19.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} stake in the company), and Frontier Merchant Capital Group (7.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} stake in the company). Over 2,000 shareholders split the remaining 13.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} float.
Gold posted negative returns for the past three years, but 2016 has been a strong year for gold investors. Much of this can be attributed to people seeking protection from global insecurity, as well as the overall decrease in the value of paper currency.
Gold mining is a vital part of Quebec’s economy for multiple reasons. The area has well-established geological potential, a strong history of mining, and a politically stable climate. Quebec also brings the expertise of its residents to the table, with an abundance of miners and mining experts calling the region their home. Utilizing the latest technologies, they hold the key to uncovering the estimated 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Quebec’s mineral potential that has yet to be discovered.
For more information view the corporate presentation below or visit: www.secovametals.com