Kootenay Silver aka KTN announced they are beginning a new 15km drill programme at the Columba silver prospect in Chihuahua, Mexico. The drilling is designed to follow up previous promising findings in six separate locations on the property. The mineralization is high grade enough and extensive enough that I expect that success with the drill bit this year might be followed up by a Resource Report.
Message 33836317
i-80 Gold aka IAU has developed a cozy relationship with Nevada Gold Mines (NGM), a JV between ABX and NEM that operates a number of gold mines and mils in Nevada. The predecessor company to IAU had a JV with NGM on several gold mines, and after they became IAU they came to agreement with NGM to use their nearby facilities to process sulphide ore until IAU's own autoclave at Lone Tree hill is refurbished.
And now NGM has sold two properties to IAU, extending the latter's Granite Creek property to the north and south, increasing their portion of the Getchell/Range Front fault structure by a total of 3.2 km. The northern section extends toward NGM's giant Turquoise Creek deposit, and importantly,, this piece of land directly borders IAU's recently discovered South Pacific Zone. The southern section extends their holding of the fault structure a further 1.6 km.
If, as they suspect, the SPZ extends onto the newly acquired property, the transaction will be a success for IAU, with anything else found on the two sections of land being a bonus.
Message 33836344
We got some interesting news for Karora Resources aka KRR, who mine gold and nickel in Australia. Tony Makuch, who was CEO of Kirkland Lake Mining for the six years prior to its recent merger with Agnico-Eagle. Makuch does have persoinal connections with some of KRR's management, but that he would join then as an advisor is still a meaningful endorsement.
ca.finance.yahoo.com
Impact Silver aka IPT released the Q1 results from their silver mines and mills in Zacarecas, Mexico. They actually managed to lose money, albeit only $60k, while maintaining production levels due to rising costs. The good news is that their cash stash remains solid at over $19M and they remain debt-free.
One thing that pisses me off about IPT is that they almost never include all the data you want to see in their quarterly PRs. This time they left out the grade of the ore they fed through the mill. Tomorrow I will dig into the MD&A to see if I can find what I can only assume is bad news.
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