Mid Day Mining Movers: SRL,ZC, AKV
Salazar Resources (SRL, $1.17) has been quietly moving upwards while waiting to receive final drill permits for its gold property in Ecuador. The stock is tightly held with less than 30 million shares outstanding, it seems the market has high expectations for the property. Based on 13 previous drill holes, the inferred calculation stands at 4.08 million tonnes at 3.48 grams per tonne gold, 76.33 g/t silver, 2.51 per cent copper, 4.55 per cent zinc and 0.47 per cent lead - open in three directions.
Zimtu Capital (ZC, $1.30) Another tight trader, ZC is in the business of seeding and launching resource deals via spin-outs to their shareholders. ZC holds millions of shares in many companies which have all done well over the past several months. Only 6.5 million shares out.
Acrex Ventures (AKV, $0.06) blocks of buying coming into AKV. New news since January 2009, however the company has over $800,000 in the bank, and has an interesting properties in B.C.'s Spanish Mountain district and Ontario's Red Lake district. Approx 54 million shares outstanding.