RE: Surging commodity prices and fears of inflation: What does it mean for small caps?17 Jun 2021 12:27
Thanks BurtonD
I just attached our bit for ease.
Gunsynd
With a portfolio of holdings encompassing gold, copper, and nickel miners, betting apps for YouTube sports channels, and avant-garde Japanese whisky, the investment strategy pursued by Gunsynd (AIM:GUN) offers a particularly pure example of the time honoured principle of diversification.
The company’s most significant interest remains its 17.34pc stake in Rincon Resources (ASX:RCR), a gold and copper exploration company focused on Western Australia. Rincon, which listed on the ASX just before Christmas following a AUD$6m raise, has 100pc interests in three highly prospective projects in Western Australia, the South Telfer, Laverton and Kiwirrkurra Projects, all scheduled for drilling this year.
The largest, the South Telfer Project, consists of six exploration licences and two prospecting licences covering approximately 540 sq km with of prospective 40 km strike geology. Rincon’s analysis of extensive historical exploration data including some 260 drill holes and more than a thousand surface assays, has identified multiple targets, the most advanced of which, the Hasties Prospect, is only 10 km south of Newcrest Mining’s (ASX:NCM) Telfer Gold Mine, which has produced 27 million ounces of gold over the past 45 years. Another gold anomaly has been identified through aircore drilling at the Westin Prospect, along strike from the Telfer trend.
Other interests include the Laverton Gold Project, comprising two exploration licences covering approximately 42 sq km within the Mt Margaret-Murrin Greenstone belt, where gold mineralisation of up to 7.00m @ 15.90g/t Au has been identified through historical workings and drilling; the Kiwirrkurra Project, a single exploration licence covering 126 sq km of the Central Australian Suture in the West Arunta Province, prospective for iron oxide copper-gold style mineralisation as well as orogenic gold mineralisation; a stake in Eagle Mountain (ASX:EM2), also focused on copper and gold, exploring advanced and greenfield projects in Arizona; and an interest in Pacific Nickel Mines (ASX:PNM), which has recently acquired two advanced high-grade nickel exploration projects within the Solomon Islands.