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Wednesday, November 29, 2023

CMC Metals CEO Kevin Brewer: “We've Done a Really Good Job of Minimizing Risk in Our Investment”

In an interview with the Investing News Network, CMC Metals (TSXV:CMB,FWB:ZM5N,OTC Pink:CMCZF) CEO Kevin Brewer updated investors on the company’s milestones and future plans, sharing, “It’s a good thing to have a diversified portfolio like CMC has, because it gives you a lot of options and opportunities.”

After a successful drill program producing multiple high-grade silver-lead-zinc intersections at Silver Hart, CMC Metals filed for exploration applications for the Amy and Silverknife projects.

“Our flagship property Silver Hart is showing great potential to host some carbonate replacement deposits (CRDs) that can be anywhere from 10 million to 120 million tonnes in size,” Brewer said. “We have a couple of targets that are right at the surface, and we’ve been drilling the vein targets there. Our geochemistry and our geophysics tell us we’re in the right place.”

Based on a press release, the drill program at Silver Hart produced multiple high-grade silver-lead-zinc intersections in the TM West vein, including 2.3 meters of 4,910.8 grams per tonne silver equivalent. In total, 2,100 meters (19 holes) of diamond drilling were completed, the majority of which focused on the TM West vein in the Main zone. Drilling also resulted in an extension of the TM West vein structure for 360 meters.

Brewer explained that Silver Hart’s geology reveals some good geological prospects in the southern parts extending towards the Amy and Silver Lake properties. Brewer believes that Silver Hart, Amy and Silver Lake have great CRD-style targets in the Ranch Area silver district.

“We’re going to go into financing in the next couple of weeks for the Silver Hart drill fund,” he said. “We’re going to go after a couple million dollars to pay for our 5,000 meter program. We’ve already got money and still need to do the work on Amy and Silverknife. We want to take them to drill-ready stage this year, so we filed for permits with BC. Our outlook for those projects is to take them to that drill-ready stage and attract a joint venture partner who will subsequently drill those projects in 2023.”

Watch the full interview of CMC Metals CEO Kevin Brewer above.

Disclaimer: This interview is sponsored by CMC Metals (TSXV:CMB,FWB:ZM5N,OTC Pink:CMCZF). This interview provides information which was sourced by the Investing News Network (INN) and approved by CMC Metals in order to help investors learn more about the company. CMC Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with CMC Metals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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