WM, KTN
It can be no surprise that Wallbridge Mining aka WM has initiated a new Resource Report for its Fenelon gold prospect in Quebec, given that the company has completed over 100km of drilling since the last one was released last year. There are two novel aspects: 1) this one will include the nearby Martineire deposit; and 2) this time the optimization focus on underground mining. the method used to extract most of the gold deposits in the area, rather than an open pit that was envisioned for the last one The new version is expected to be ready in Q1 next year, and even better, WM has also commissioned a PEA for completion in Q2. I am guessing that its release will mark the moment we find out whether WM is planning to sell off the properties, as I have been expecting, or decides to go ahead, with or without a partner, to develop the mines.
Message 33991361
Kootenay Silver aka KTN continues to report excellent drill results from the current drill campaign on the B & D Veins at its Columba Ag/Au/Pb/Zn prospect in Chihuahua, Mexico. In this PR we find both narrow high grade results -- 2.45m of 5,840 g/t Ag, 3.0 g/t Au, 3.08% Pb, and 17.25% Zn, the best drill result on the property to date -- and longer intercepts of what looks like mineable material, e.g. 29m of 453 g/t Agr 0.6% Pb, and 1.43% Zn These and similar results extended the D Vein a further 100m along strike, and the vertical extent is now over 300M, and remains open in almost every direction.
KTN is now talking about the potential for Columba to contain over 100M oz Ag, and to that end are designing a further drill progamme to extend the B, D, and F Veins, as well as test a number of exploration targets across the property.
Message 33991345 |
