HMLO, CCW, MAI
Hrmlo Explorers aka HMLO released an update regarding exploration on their Project Idaho prospect in Ontario, located 3 km from GENM's Marathon Pd/Cu project under development. As you might expect from that neighbour, it's different from HMLO's other prospects, being polymetallic rather than just gold-bearing. Over the summer HMLO did several geophysical programmes, the results for which are still being analyzed, as well as mapping and sampling, which yielded two distinct styles of mineralization, one featuring Au/Pd and the other Ni/Cr/Cu, with the former being very similar to what is found at Marathon.
They have identified three VMS targets with potential for significant PGE/Cu minerlaization, two of them also with potential for Au. These will be followed up with drilling in the coming exploration season.
Message 34059887
Canada Silver Cobalt Works aka CCW finally released some more assays, long delayed in the lab, from the drill programme it carried out earlier this year on its past-producing Castle East mine in Ontario. As with the previous assays, the intercepts are impressive -- up to 2,900 g/t Ag and 1.05% Co -- but narrow, only half a metre in length. They do extend the length of known veins significantly, so if they can continue similar results from future exploration it will be enough to be economic to mine.
Message 34059907
The IKN newsletter did some digging into what happened with Minera Alamos aka MAI's share price last week, and since there are no operational issues, opines that it is likely a combo of tax loss selling and a short attack. This should be transitory and offers an opportunity to pick up a few cheap shares. If I didn't have so many shares of MAI already, I would probably take advantage of the opportunity myself. |
