Thursday, June 26, 2014

Gold Juniors: Waseco Resources and Exploration in Nevada

Company: Waseco Resources (Venture: WRI.V)
Stock: 0.09

A friend of mine is conducting some fund raising for his company, Waseco Resources, which owns property in the Battle Mountain Range of Nevada. Historically Battle Mountain has long been a mining district and early communities settled the area because of vast deposits of silver and copper back in the 19th century.

More recently however mining companies (and the most immediate neighbors of Wasco) such as Newmont Gold (NYSE: NEM), Battle Mountain Gold (Venture: BMG), Goldcorp (NYSE: GG) and Barrick Gold (NYSE: ABX) have all staked properties with just under 25 million ounces of proven reserves.

After promising drill results and the discovery of one anomaly, fund raising has been undertaken to further develop and understand the resource.