If you are visiting for the first time, I’d like to welcome you to the Net’s hottest junior mining and exploration penny stock newsletter.  Take a quick look at our recent track record, we are absolutely on fire!  Our newsletter is free, so be sure to sign up in the form on top of the screen.

Max Resources (MXR:TSX Venture Exchange) was featured in the Rock Bottom Report on October 28th at 0.32/share.  It went on to trade as high as 0.65, a 100% return a few weeks later, before pulling back to today’s close of 0.57.

Ecometals (EC:TSX Venture Exchange).  The Rock Bottom Report was among the first newsletters covering EC in July, with perfect timing.  EC’s stock has been in a brutal slide for over a year, triggered by the reform of mining law in Ecuador where the government placed a moratorium on all mining activity within the country.  With the reform complete, new mining laws in place, junior mining companies in Ecuador were in position to benefit.  RBR came out with a feature on EC in mid July when the stock traded at 0.18-0.20/share.  EC traded as high as 0.92 recently for a possible gain of over 350%.

Network Exploration (NET:TSX Venture Exchange) was featured first on September 2nd, with multiple bullish updates to date.  The stock closed at 0.085 on consistent accumulation.  We are sitting on a capital gain of 41%, and the market is expecting assay results from a recent exploration program.  It could be an active week for NET, and we are expecting to further our gains here.

We have a number of new junior exploration companies under our magnifying glass, so please stay tuned for further updates.

Rock Bottom Report

As the commodity bull market rages on, Rock Bottom subscribers rake it in!

Network Exploration (NET:TSXV) Featured on September 15th at 0.05, NET traded up to 0.08 on Friday and today.  Over 10 million shares exchanged hands since November 6th.  Activity in the stock has spiked leading up to highly anticipated results from NET’s La Blanca gold target on their Caldera property in Northern Chile.  As the La Blanca is just one target on a very large property, I believe shares in NET have some way to go before peaking, as the company continues to expand their exploration program.

The Ecuador Plays I’ve been ranting about EcoMetals (EC:TSXV) and Salazar Resources (SRL:TSXV), both up significantly from our initial coverage.  Both are strong players in Ecuador, where mining reforms are nearly complete and these two companies are ready to start drilling excellent properties.  For those of you playing Ecuador stocks, I believe EC and SRL offer excellent return potential in the coming months, even though we are up significantly.  I first reported on EC when it traded below 0.20.  Rock Bottom subscribers were among the first into this now very hot stock trading at 0.60 - a gain to date of 200%!

Max Resources (MXR:TSXV, 0.48) Brought to you on October 28th at 0.32, MXR hit 0.53 intra day today for a possible gain of 65% within two trading weeks!  Hard to beat that.  The market awaits drilling results from two gold properties, and it looks as if we are heading higher.

Kaminak (KAM, 0.59) Initially featured at 0.40 in July, I have issued numerous updates on KAM as I feel they are among the best positioned in the new Yukon area play, where Underworld Resources made a significant gold discovery.  KAM was one of the earliest entrants into the area, able to secure a high quality property which has been returning some very interesting results.  The stock is acting very bullish and looks like it wants to move higher.

Keep an eye on Maya Gold & Silver (MYA:TSXV, 0.48), drilling 7,500 on a very good gold property in Morocco.  Shares in MYA have not yet begun to move, however I do suspect investors close to the play have been accumulating for some time.   Drilling will take some time, however I expect shares to trend sideways to up as we get closer to results.  I do believe shares are very cheap here.

Until next time

Rock Bottom Report

Kaminak Gold (KAM:TSX Venture, 0.50) The company announced plans for a 5,000 meter drill program in the Spring of 2010.  Recent chip and trenching samples continue to outline extensive high grade showings throughout their Yukon property, located in the vicinity of Underworld Gold’s White Gold discovery.  Early exploration has been successful enough to maintain a $20 million market cap, which typically means the market is optimistic on the project.  Our strategy will be to accumulate KAM on weakness in anticipation of the Spring drill program.  In the meantime, KAM is also exploring a highly prospective gold-silver property in B.C. (Cry Lake), with drill results due out soon.

Maya Gold (MYA, 0.48) MYA continues to get accumulated in anticipation of results from a significant 7,500 meter drill program which has just commenced.  The company plans on drilling into several high grade showings, to better define the structure.  We are accumulating KAM on weakness.
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Max Resources (MXR:TSX Venture, 0.32) MXR has recently completed a 1,200 meter drill program designed to test several areas on their Crowsnest property featuring visible gold in trench samples.  This is the first time these targets are being drill tested.  The company is very well financed, with $3.6 million in the treasury and Only 21.7 million shares outstanding, this is an attractive stock at current prices, as any new discovery zones on the property will add significant market value to the company.

Maya Gold & Silver (MYA : TSX Venture, 0.54), We initiated coverage on Maya on August 19th where the stock traded at 0.38/share.  As of today’s close we are up 42%!  Since then the company’s Amizmiz gold project in Morocco continues to develop nicely, as recent channeling samples returned 19.55 meters of 9.46 g/t Au, and 14 meters of 2.48 g/t.   “Significant IP anomalies have been identified and will be high-priority targets for its 7,500-metre drill program planned to commence by the end of this month. “  With a 7,500m drill program imminent on this important gold project, shares are being snapped up.

Commerce Resources (CCE : TSX Venture, 0.79) On October 27, 2008, before the Rare Earth Elements craze came to the forefront, we declared CCE as being “The Next Big Thing”, and concluded “Get in before the herd does.”  It’s official - the herd has arrived.  CCE is up over 300% from our initial coverage, and up over 100% since our last update on August 21, 2009 where we stated “RBR believes the stock is very cheap here (at 0.42)”  It certainly looks and feels as if there is a substantial amount of institutional buying in the market, as the stock has traded an average of 1.1 million shares/day for the past seven trading sessions.  The company recently raised $5.5 million, bringing their treasury to a robust $15-$16 million. Enough to advance the Blue River tantalum project through to a feasibility study.  It certainly looks as if Blue River will be the planet’s next major global supplier of tantalum, and investors are taking note.

Network Exploration (NET : TSX Venture, 0.05) We initiated coverage on NET on September 2, 2009, and provided a chronology of the development of this company, which seems to be poised for a successful gold and copper discovery in Chile.  The company recently completed a “drifting” (ie, tunneling) program, digging through an abandoned hand-mined adit system on the periphery of the Caldera property.  Results are expected back any day.  Recent results from trenching and channeling include 5.82 g/t gold over 12 meters, certainly impressive coming from the surface.   At 0.05/share the company’s market cap is less then $4 million, dirt cheap when compared to their peers exploring in and around Chile.  The Caldera property holds great promise in that it is host to previous local surface mining, revealing wide spread copper and gold mineralization.  The property has never been tested at depth, and this gives it a tantalizing appeal; especially given that it was hand selected by a veteran geologist team intimately familiar with South American geology.  The stock has traded over 18 million shares this month in a tight range - we suspect it’s ready to move on the next results and beyond.

It should be noted this is the first systematic exploration effort on the property using modern mining techniques.  In the past, locals dug gold right from the surface, indicating the presence of an extensive gold system.  It is this system that Network is working toward understanding.

Apart from the current focus on La Blanca gold target, the company will also be planning an extensive drill program to test the copper porphyry, widespread across the 24 square kilometer property. 

Chile is one of the world’s top producers and exporters of copper, and NET’s property lies right in the middle of a rich gold-copper belt.  They are 60km away from Barrick’s massive Pascua Lama deposit, which is expected to produce 750,000 oz gold per year for over 10 years, with a 17 year mine life.

With a market capitalization of only $3.6 million, we believe shares of NET have considerable upside potential from current levels as the company moves forward with the development of the Caldera project.

Network Exploration finishes sampling at La Blanca
Ticker Symbol: C:NET
Network Exploration finishes sampling at La Blanca
Network Exploration Ltd (C:NET)
Shares Issued 59,550,222
Last Close 9/22/2009 $0.05
Wednesday September 23 2009 - News Release
Mr. Alexander Helmel reports
CALDERA DRIFT PROGRAM COMPLETE
Network Exploration Ltd. has completed its underground development and sampling program in the La Blanca gold mine workings at its Caldera project in Chile.
Network’s President, Alexander Helmel and Senior Mining Advisor, Robert Friesen recently returned from a 7-day visit to the Caldera work site. While on site Mr. Helmel and Mr. Friesen were able to physically observe the work completed and the work in progress under the Phase I gold exploration program. Both were satisfied that Network’s South American team is proceeding to explore the Caldera property in a professional, logical and cost-effective manner.
Mr. Friesen summarized the trip as follows, “While I have been on Network’s Board of Directors for a couple of years, this was my first opportunity to actually visit the Caldera property. I was impressed by the geological setting, the mineralized occurrences, and proximity to extensive mining infrastructure locally.”
The Company is now happy to report that the Phase 1 gold exploration program outlined in our May 13, 2009 news release has been completed. Specifically, the Company’s geological team has completed 95 metres of crosscutting through the mineralized silica breccia stockwork, together with three associated drifts totaling 90 metres in three separate test areas. All underground development work was designed to test the thickness and continuity of mineralization of the gold-hosting silica breccia stockwork at the 2600 meter elevation, within an area of historic drilling and underground development that had shown the structure to host significant mineralization (e.g., 5.82 g/t gold over 12 meters - see news release of June 3, 2008). Surface and underground mapping indicates the overall dimensions of the breccia stockwork to be approximately 100 meters thick by 300 meters of strike length and a minimum tested dip length of 60 meters, which is open at depth. The silica breccia stockwork is hosted in a quartz-sericite altered andesite that rims the southwestern side of the main copper-gold bearing granodiorite porphyry system.
Ninety-four underground wall samples were taken along the entire length of the new underground workings. They have been submitted to ALS Chemex Laboratory in La Serena Chile, where they will be analyzed by procedure Au-SCR22 (”metallics” or screen fire assay) and ME-ICP 41 (35 element ICP) methods.
Senior geologist Mr. Fernandez-Concha stated, “We are currently commencing development of an exploration plan and requisite budget for a Phase II program based on current copper and gold results and will incorporate pending gold results when they become available.”
The La Blanca mine area has been identified as a gold target at the southwestern end of the main Caldera copper-gold porphyry system and lies approximately 1.5 km southwest of the property’s copper target. Network’s geologists will use the data from this exploration program and previous programs to determine the next step in the exploration process for both the gold and the copper targets.
Results from sampling program will be released soon after they have been received and interpreted by Network staff.
2009 Canjex Publishing Ltd.

The stock is evidently tightly held as it did not take much volume to lift it from the 0.50’s range to $1.17 where it is trading today.  However, I feel the story has not yet begun.  Such light volume lifting a stock is obvious accumulation by a tight circle of investors.  The story is slowly reaching a broader audience as Ecuador continues to open its doors to resume mining and exploration within its borders.

In the following letter, Mr. Salazar is obviously confident in his project and team to develop the large, district-scale Curipamba project, with multi-million ounce gold potential. 

I have every reason to believe they will deliver.  Phase 1 drilling has already uncovered over 500,000 ounces of gold, 10 million ounces of silver, along with copper, zinc and lead.  The discovery is based on a small portion of the property, and the company intends to aggressively expand and delineate what may be Ecuador’s next major gold deposit.

Excerpt from the letter: “The potential of the Curipamba project has been confirmed by several experts who have evaluated the area and discovery. Persons such as Bernardo Beate, Warren Pratt, and James Franklin have stated that we have discovered a significant new massive sulphide district in Western Ecuador with the richest grades encountered in the Western Andean region. These individuals are regarded as some of the top individuals in the field of VMS geology.

SALAZAR RESOURCES, PRESIDENT’S LETTER TO SHAREHOLDERS

2009-09-17 10:38 ET - News Release

Mr. Fredy Salazar reports

PRESIDENT’S LETTER TO SHAREHOLDERS

QUOTE

Dear shareholders:

As president and chief executive officer of Salazar Resources Ltd., I am pleased to provide an update of the company’s accomplishments to date and the progress made in Ecuador over the recent months.

After the first two years of being a public company, I am satisfied with the strong foundation that we have laid in Ecuador. We have delivered successful results quickly and have shown that our projects have the potential and merit to deliver world-class mining assets. We have established our business model of making significant discoveries from prospective greenfield areas; that we have the ability to identify these targets and efficiently develop these areas from reconnaissance prospects to significant discoveries. Ecuador is a country that lends itself well to our company’s strengths because of the country’s abundant greenfield opportunities and our detailed knowledge of local geology, numerous past discoveries and internal company efficiencies to take full advantage of these qualities.

Salazar Resources was listed on March 8, 2007, and closed the acquisition of Curimining SA where the company acquired all of the issued shares of Curimining in exchange for 15 million common shares of the company. We quickly assembled a strong local technical team, particularly geologists with proven track records of major discoveries. Our technical teams have had extensive experience with international mining companies such as Newmont, IAM Gold, Ecua Corriente, International Minerals Corp. and Aurelian Resources Ltd. In the beginning we built a comprehensive portfolio of prospective assets which included the Curipamba, Ruminahui, Mendez and La Aventura projects. All these projects were in the reconnaissance phase of exploration with several promising anomalies identified.

With this proven team, successful track record and promising assets, Salazar was successful in raising $12-million-plus in a period of six months, including a bought deal led by Canaccord Capital Corp. and Dundee Securities Corp. for total gross proceeds of $10,401,000. This was a testament not only to strong financiers who understood our company strengths and past successes of discoveries in Ecuador but also to the quality of our highly prospective projects.

Sample and trenching results from these projects included:

• Sesmo Sur — 68 metres at 2.6 grams per tonne (g/t) gold and 82 g/t silver;

• Sesmo — 15 m at 39.1 g/t gold and 741 g/t silver;

• El Gallo — 17 m at 11.2 g/t gold and 505 g/t silver;

• Caracol 1 — 10 m at 5.72 g/t gold and 155 g/t silver;

• Cade 1 — 7 m at 9.8 g/t gold, 409 g/t silver and over 1 per cent zinc;

• Cade Sur — 10 metres at 7.63 g/t gold and 291 g/t silver.

These results supported our phase 1 drill program which commenced in September, 2008. Within four months of commencing drilling, we made a new discovery with the support of ground geophysics. The target was located at Las Naves in the central portion of the Curipamba project and the discovery was named El Domo. The company completed a further 12 drill holes and were able to generate an NI 43-101-compliant inferred resource estimate of approximately 4.08 million tonnes grading 3.48 g/t gold, 76.33 g/t silver, 2.51 per cent copper, 4.55 per cent zinc and 0.47 per cent lead. The company is encouraged that a phase 1 drill program, interrupted by the mining mandate, was able to report such significant results while not yet defining the boundaries of the deposit.

Although I am very proud of the El Domo discovery, and look forward to further developing it once exploration activity in Ecuador resumes, what I am most excited about is the fact that we have discovered not only a new deposit but more importantly, potentially a new VMS district. The significance of this should not be understated, as controlling such a district has allowed many a small exploration company to grow and mature into a producing mid-tier or major mining company. This is because within a typical VMS district, deposits most often form in clusters of 10 or more, and deposit size distribution is not random with 80 per cent of metal content contained in the top-two-ranked deposits within a district. This means that with more exploration work we have a very good opportunity of making several additional new discoveries with the hope and expectation of turning Curipamba into a new VMS mining camp. Examples of well known VMS mining camps are Flin Flon and Noranda which have been in operation for decades and have produced tens of millions of tonnes of ore.

The potential of the Curipamba project has been confirmed by several experts who have evaluated the area and discovery. Persons such as Bernardo Beate, Warren Pratt, and James Franklin have stated that we have discovered a significant new massive sulphide district in Western Ecuador with the richest grades encountered in the Western Andean region. These individuals are regarded as some of the top individuals in the field of VMS geology.

The next phase of our exploration program will focus on delineating and expanding the El Domo deposit. To date we have only tested approximately 40 per cent of the geophysical anomaly during our abbreviated the phase 1 drill program; in addition, and in my mind, more importantly, we intend to test numerous other high priority targets in the vicinity which reflect similar geophysical signatures to the El Domo deposit. Again, with the discovery of one VMS deposit, up to 10 or more VMS deposits are anticipated to be encountered.

We recently purchased our own drill rig which will be dedicated solely to Salazar’s exploration projects and will allow the company to mobilize the drill immediately following the permitting approval process. We anticipate this purchase to lower operating costs and maximize productivity. An aggressive drill program is planned at Curipamba as well as preliminary metallurgical testing. Also, a comprehensive regional geophysics program has been outlined that will encompass the entire Curipamba property from Sesmo Sur in the south up to the Piedras Blancas anomaly in the north. We believe we have encompassed the entire VMS district potential as defined by the Curipamba project land position.

In April 2008 the government of Ecuador suspended all mining operations. Since then, Salazar has been working closely with the Ecuador government to assist with building responsible mining and establishing a solid foundation for the future development of the mining industry in Ecuador. Many positive steps have been made this year including:

• The Ministry of Mines and Petroleum of Ecuador, announcing that suspension on mining activities had been lifted;

• Salazar’s environmental approval management plan has been granted;

• Salazar received its water permit for the Curipamba project from the new national water authority.

Salazar is now awaiting the final environmental permit to be issued by Direccion Nacional de Minas, and the environmental bond to be issued by Ministerio del Ambiente. This generally coincides with the issuance of the environmental licence. We intend to recommence operations immediately once these last permits are received.

The company is well financed with approximately $5-million in working capital as of June 30, 2009. We have been able to manage and conserve capital over the past 18 months not putting ourselves in the position of having to recapitalize at weaker market prices. We were able to raise our capital in a timely manner and have managed to keep ahead of the curve and maintain a strong treasury so we can effectively execute on our business plan.

Looking to fiscal 2009-10, increasing shareholder value will remain our top priority. This will be executed in four key areas that will drive this goal. Our first target will be to increase the resource and resource category at El Domo by further definition drilling; secondly, we will focus on discovering multiple new VMS deposits on all priority anomalies surrounding El Domo; thirdly, we will further develop the gold intersects we encountered at Sesmo Sur during the phase 1 drill program; and, fourthly, test the Piedras Blancas anomaly in the northern part of the Curipamba property. Salazar will also continue to methodically review other prospective areas within Ecuador and outside the country which fits our geological model of large tonnage deposit potential.

I would like to take this opportunity to thank all employees of Salazar Resources for another year of hard work and dedicated service; to our shareholders for their loyal support and patience; and to our directors and officers who have maintained strong belief and focus in what we are trying to accomplish. We look forward to a prosperous 2009-10 as we continue to explore and develop our projects and implement strategies to increase shareholder value.

Sincerely,

Fredy Salazar, president and chief executive officer

Below is a summarized chronology of the events leading to today’s winning package found in Network Exploration (NET).  This junior resource penny stock, with a $3.6 million market cap, is well positioned to deliver extraordinary gains to investors positioning at current levels. 

Network Exploration Ltd (NET : TSX Venture) Stock Chart

NET has a veteran management and exploration team (including ex-President of Teck), and a hand picked propety with the potential for a large scale open pit gold and copper deposit.

The stock has become quite liquid over the past few weeks, as exploration and development efforts intensified on the La Blanca gold target in Chile.  Investors are positioning in anticipation of a successful drill campaign, on the horizon.

Chronology of events:

Jan-Apr 2006 - NET puts together a winning team:
    Ken Thorsen (21 years with Teck, rising from Regional Geo Manager to President)
    Marco Fernandez-Concha (25 years with several multi-national mining companies, General Manager for Latin America)

July 2006 - NET acquires 50% in the Caldera propery in Chile.  This is a massive 24 square km gold-copper porphyry system.  The property was hand selected by their senior geo team, after a comprehensive review of several properties throughout Chile and Peru.  According to Marco, NET’s Senior Geologist, ”

The Caldera is located in the middle of elephant country, surrounded by massive mines and exploration project.  The property has extensive previous workings carried out by hand, with surface gold being dug out with shovels.  It has never been extensively explored using modern mining techniques.

July-Dec 2006 - Encouraging fieldwork and expanded land position acquired.

Dec 2006 - NET files 43-101 for the Caldera property. ”

Feb-Sep 2007 - Phase II exploration at Caldera uncovers further encouraging assays around Caldera, updates 43-101.

Dec 2007-Feb 2008 - First drill program proves widespread porphyry system on Caldera: Marco stated

May 2008 - NET shifts focus to the La Blanca gold target.  Previous hand-mining operations warrant further exploration. 

June 2008 - Results from channel sampling in La Blanca reveal 12 meters of 5.82 g/t gold.

Sept 2008 - NET acquires option for Heuvos Rojos property in Peru.

May 2009 - Net initiates underground drifting program on La Blanca gold target on the Caldera property.  This drifting program intends to tunnel under the mountain, connecting adits from previous workings, to get a better handle on what the gold system looks like.

Jul 2009 - NET acquires Yukon claims close to Underworld’s White Gold discovery.

Aug 21 2009 - Site visit by senior management to plan and develop second phase program for La Blanca mine works.  Options granted at 0.10/share.

The drifting program should be completed by now, and assays in the lab.  The results will give NET a go ahead to plan a serious drill program on the property.  The company is targetting a large low cost, high tonnage gold-copper system on this massive property.

BOTTOM LINE: Three years in the making, we are heading into a very exciting time for NET.  Anyone positioning here should be in for a good run in the coming weeks as the company moves the Caldera project forward.

SRL Salazar Resources Stock Chart

Greetings,

We initiated coverage on Salazar Resources (SRL, TSX Venture Exchange, $1.08) on July 16th when the stock was trading at 0.51.  We are up over 100% on todays trading, however we feel this story has just begun.

SRL traded only 512,000 shares in the past three months!  That’s hardly enough to justify a claim that the “word is out”.  I would attribute this low volume to pure accumulation coming from those who are comfortable with the management and their property in Ecuador.

The last real news to come out was on July 17th, where SRL received water permits for the Curipamba project; a huge step forward for sure.  The company is waiting for final drill permits, then we are off to the races.

We can only guess at the magnitude of the deposit they are about to drill.  The last official number we have is an “inferred resource, from 13 drill holes, of approximately four million tonnes grading 3.48 grams per tonne gold, 76.33 grams per tonne silver, 2.51 per cent copper, 4.55 per cent zinc and 0.47 per cent lead. “  The company is going to move the drill along strike where the deposit remains open in three directions - and has the potential to significantly increase tonnage.

Even minor success in the coming drill program will send shares of SRL soaring, as it is a tightly held stock with less than 30 million shares outstanding.

This stock has it all - share structure, management and property.

Stay tuned, RBR believes the best is yet to come for SRL.

Network Exploration NET (TSX Venture Exchange) chart

The stock exploded on record volume last week, trading over 30 million shares in seven trading sessions.  Volume was triggered by the company’s announcement that it has begun “drifting” - tunnelling through a hillside - on the La Blanca gold prospect, which is part of the Caldera project.   The purpose of this phase of exploration is to test the “gold content, continuity and thickness of vein structures hosting gold mineralization” (see news release dated Aug 19 2009).

La Blanca has a history of artisanal mining activity, where gold was mined from the surface using picks and shovels.  Occurances of gold and copper is widespread on the property, therefore this phase of exploration is meant to get a better handle on the structure and formation of the porphyry and surrounding geology.

Stay tuned for a more extensive analysis on NET’s projects.

We are excited by the Caldera project, given that it has viable potential to host an open pit, low grade, high tonnage copper-gold deposit.

The company currently has a very low market capitalization of $3.5 million.  Any indication of positive results in the ongoing exploration program can substantially lift this number.

Sign up to our free newsletter in order to receive future updates on this and other exciting penny stocks.

Rock Bottom Report

For those who have not noticed, we featured Linear Metals (LRM : TSX Venture Exchange) at 0.13/share following the companies financing of $900,000 several weeks ago (click here for report).  The stock exploded a few days ago to 0.48/share on record volume of 2.7 million, and is trading at 0.43 today, for a gain of 230% within weeks!

LRM announced recently that it is reactivating an old property after dusting off previous drill results.  This property was drilled last in 2002 and came up with very strong Lithium (Li20) values, along with tantalum and beryllium.  At the time, Lithium was not a priority metal, as such the project got shelved.

Fast forward to today - Lithium, and lithium penny stocks are in the spotlight.  Rock Bottom has been following several companies snapping up lithium properties, seeing their stocks explode upwards.  We have begun compiling a list of these companies and will be tracking the lithium stock explosion.   Stay tuned for our Lithium Stock Report.

With a boom in hybrid vehicles and improved battery performance in technology, lithium is here to stay, and there is strong growth in the forecast for several years.

Back to Linear Metals for a moment - it’s always wise to take profits, especially after such a strong run.  That said, we are most certainly holding some shares and will be accumulating on dips.  This turn of events for the company has set it on a new course which could result in spectacular profits for shareholders. 

Quick comparison:

CLQ, trading at 0.62 with 113 million shares outstanding: Market cap $71 million.
LRM, trading at 0.43 with 53 million shares outstanding: Market cap $22 million.

CLQ has been drilling values of between 1.14% and 1.25% Lithium (Li20) from their Quebec lithium project.

LRM’s Seymour Lake property pulled drill results ranging from 14 meters of 1.75% Li20 to 9.2 meters of 2.38% Li20.  These are very impressive and the company is using it’s newly charged treasury to mobilize a drill crew ASAP.

According to Brian MacEachen “Historic exploration on the large Seymour Lake property has returned some very exciting lithium grades. Incredibly, lithium has never been the primary focus or target of an exploration program and as such the true potential has yet to be tested. We are taking immediate steps to initiate a drill program that will specifically target lithium mineralization at Seymour Lake.”