InvestorsHub Logo
Followers 39
Posts 1454
Boards Moderated 0
Alias Born 06/14/2011

Re: checkmate28 post# 31679

Monday, 02/23/2015 10:19:17 AM

Monday, February 23, 2015 10:19:17 AM

Post# of 35705
SAS.TO buyout Candidate for Primero?

...trying to put a bunch of info into one post here for other's comments.

See slide 18 below which shows the Hislop results in the upper left. I'm comparing to slide 9 which shows that Hislop is adjacent to Primero's (formerly Brigus) Black Fox.

http://www.sasgoldmines.com/i/pdf/Presentation-nov-2014.pdf

Those drill results are chronicled in the Sept 2014 PR here and are interpreted as an extension of the Black Fox 147 zone:

http://www.sasgoldmines.com/s/NewsDetails.asp?id=122579

Click on the map at the bottom of the Primero page here and you will see that SAS.TO's Hislop property is directly south of any southern extensions of Black Fox's Contact, 147 and Grey Fox South zones

http://www.primeromining.com/English/Operations/Black-Fox-Mine/Overview/default.aspx

This post is timely and motivation was to look into Primero's 2014 Grey Fox Drilling results PR from today. Go down to bottom and look at all those high grades they hit on Grey Fox. They did not mention anything about drilling down to South towards SAS.TO's Hislop.

http://www.primeromining.com/English/News-and-Events/News-Releases/News-Releases-Details/2015/Primero-Provides-Exploration-Update-for-the-Black-Fox-ComplexMineralization-Expanded-at-Depth-Plus-Near-Surface-Discoveries/default.aspx

Looks like Primero would want Hislop eventually, but the rest of the company is different story and I haven't looked closely at SAS.TO's other assets. The $120/oz royalty SAS.TO reports on consolidated basis is quite the barrier to any M&A. Checkmate any comments here?



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.