WM, GQC, GOT
Wallbridge Mining aka WM is best known for Fenelon and Martiniere, two close to each other gold deposits in Quebec they are drilling up preparatory (I believe) for packaging and sale, but they have other irons in the fire. There are a number of nickel and PGM properties around Sudbury we never hear about these days, but more importatntly they have amassed a large set of properties covering much of the Detour-Fenelon Trend, arguably the most underexplored greenstone belt in Quebec.
This PR contains the results of ongoing exploration on those other properties surrounding Fenelon and Martiniere. First up, we hear about the discovery of a new zone conatining narrow but high grade gold intercepts at Graset, close enough to the east of Fenelon to be be considered as a satellite production area for the eventual mine. This will be followed up by future drilling.
Then we hear news from an ongoing drill programme at their JV with Midland on Casault, which borders Martiniere to the west. The results are promising enough that the drill programme has been extended.
In addition, we are awaiting the results of a grassroots exploration programme on a number nearby prospects involving mapping and sampling as well as geophysics.
Message 33781130
Regulars on this board will know the James Flanigan character who has periodically showed up to announce that Goldquest aka GQC was about to get the permits it needs to develop the Romero gold deposit in the Dominican Republic. Those rumours were all false.
Now we get a PR from GQC which is pretty well as misleading. They try to spin recent developments as positive, even though the sum total is that there is still no timeline for the permit even to be considered, no mater what flowery prose the politicians use. I guess it is a slight positive that they are restarting exploration in the DR, albeit we are given no details as to what they are doing and where.
Message 33782189
Goliath Resources aka GOT released a PR touting the exploration potential of their 100%-owned Golddigger property in BC's Golden Triangle, where they are already identified a robust gold deposit called Surebet as well as another prospect called the New Extension Zone. Expert studies of samples from the property indicate that both Surebet and New Extension are expressions of a deep and very large mineralizing system, so this year's exploration, as well as expanding Surebet, will be tasked with looking for extensions downdip of Surebet as well as looking for further faulted offsets.
Message 33782213 |
