I've been following several mining threads lately, since becoming involved as an outside writer on certain projects for Solid Resources Ltd (ASE: SRW). I thought this thread may be interested in the following:
The short story:
- NWT mining property 110 km northeast of Yellowknife.
- Big claim, nearly 14 square miles.
- Contains 3 major geological anomalies:
1. Massive sulphide volcanogenic feeder zones (M and R Zones), one of which averages 10.24 oz of silver per ton, over 5% zinc, with 1.13 million tons drill-indicated so far, valued $210 million, enough for a small profitable mine/mill. All holes open at depth, lateral extent of deposit not determined yet. They're drilling as we speak.
2. Bedded gold-bearing zone (C Zone) with relevant assays ranging between 0.12 and 0.38 oz of gold per ton. More drilling later this winter.
3. Sedex deposit with surface indications that length may exceed 2 km. Drilling later.
The company is unique ? it has an oil/gas service division active in Alberta, Tunisia and Algeria, and an oilfield technology division that is launching a revolutionary new mobile oil/gas well meter that will rent overseas in the US $ 7,500 per day range.
The oil/gas service side brings a financial stability to the mining exploration side.
There are only 6 million shares outstanding (more than half of which, I?m told, are held by board, management and staff). Solid owns 49% of the NWT mineral property, and has the option to purchase the balance of 51% which is held by a private syndicate. Solid has operational control of the property.
More detail:
solidresources.com
solidresources.com
solidresources.com |
