WM, KRR, GNG
Wallbridge Mining aka WM released another set of drilling results from its Fenelon gold project in Quebec. One set of drill holes extended mineralization to the west outside the block model in the Cayenne and Area 51 zones, but the most significant drill holes were outside the western side of the block models, where they reported a number of high grade results, including 10.96 g/t Au over 2.20M, including 18.76 g/t Au over 1.20M. These higher grade areas remain open to the southeast, and will be followed up by further drilling.
Message 33936498
Karora Resources aka KRR took an important step forward in the growth plans by completing the purchase of the fully permitted and operating Lakewood Mill, located 60km from their Beta Hunt gold/nickel mine. They have already run Beta Hunt ore through this mill, achieving 94+% Au recovery.The acquisition cost $A70M plus 2.1M KRR shares, but part of that cost will be offset by doing some toll milling until they need the capacity themselves.
Message 33938083
There are two ominous aspects to the latest PR from Golden Goliath Resources aka GNG reporting on exploration at their Wish Ore gold prospect in Ontario.
First, we see frequent use of the word 'anomalous', which is used by explorers to refer to numbers that are above zero but not significantly so, plus almost no actual numbers are reported. But these were just samples, and it is early in the exploration process, so perhaps that can be excused.
More ominous is that it has been quite a while since GNG released a PR concerning Kwai, the nearby property they had been concentrating on for the last few years. I guess time will tell if they have given up on this property.
Message 33938156 |
