JMP Daily Drill Bits for October 26: $SAE.H $CJC $GTA $NTL $JAX

Sable Resources (SAE.H, $0.13 +30%)
Shares Outstanding: 37,961,490
While there has been no news on project development in the past year, the company raised $500,000 in September at 0.05/share and has arranged another financing for $750,000 at 0.075/share, and set 2.5 million options at 0.10/share.  The website lists their primary project in the Toodoggone region of Northern B.C. which is known for is low grade high tonnage Copper and Gold porphyry deposits.  The web site is undergoing updates as well, so we are keeping this on watch as to where the company may be headed next.

Canada Strategic Metals (CJC, $0.125 +25%)
Shares Outstanding: 75,539,155
CJC has a number of gold and graphite projects located throughout Northern Quebec.  Following it’s acquisition of 50% of the Sakami gold prospect, the company has reported drill intersections of 27m @ 1.87g/t, 21m @ 4.94g/t and 64.5m @ 1.62g/t Gold.

GTA Resources (GTA, $0.12 +22%)
Shares Outstanding: 40,866,855
GTA has been focused on developing it’s Northshore high grade gold project in Ontario.  Northshore is located within the Hemlo greenstone belt, near the town of Schreiber, Ont., approximately 200 kilometres east of Thunder Bay and 125 kilometres west of Hemlo, Ont, and 70km West of Hemlo’s 23 million ounce deposit.  In August the company reported a set of impressive drill results including 9m of 23.7 g/t Gold.  Phase 2 drilling was completed in late August, and focused on shallow, near surface high grade targets.

Natan Resources (NRL, $0.22 +21%)
Shares Outstanding: 20,118,784
In July 2016 Natan optioned 70% of the Duval lithium project in Northern Quebec, located southwest of and contiguous to the Nemaska Lithium Whabouchi deposit (Nemaska, NMX $430 million market cap). ” The hard work of companies such as Critical Elements and Nemaska Lithium have unveiled the potential of the Lac des Montagnes volcano-sedimentary belt as one of the most important spodumene lithium hard rock deposits in the world, both in volume and grade.” On September 20, NRL closed a $875,000 private placement consisting of flowthrough/non-flowthrough units at 0.25/0.20, with 2.66 million shares bought by Critical Elements (CRE, $0.54).

Jaxon Minerals (JAX, $0.10 +17.6%)
Shares Outstanding: 28,825,195
Jaxon has two gold projects in Northern B.C.  The company has started exploration on it’s “Hot Bath” project located in the Golden Triangle district, which has been garnering increased attention over the summer into the fall.  Today Jaxon closed a 10 million share private placement at 0.07/share, with President Leif Smither taking 1.1 million units.