SNAG, CCW, ODV
Silver North Resources aka SNAG announced amendments to their JV agreement with Coeur Mining regarding their Tim Ag/Zn/Pb prospect in Yukon Territory. As a result of delays in getting the exploration permit, the work requirements have been pushed back a year in exchange for a small cash payment. The good news is that drilling will begin this coming year.
The reason Coeur is interested in Tim is that it appears to be a CRD deposit very similar to the high grade Silvertip mine they own just across the BC border. Silvertip is currently not producing while Coeur evaluates a new larger production scenario, and given that Tim is situated right on the road to Silvertip, it could fit in nicely.
Coeur is initially earning 51% interest in Tim by fulfilling exploration requirements, and can extend that to 80% if they complete a feasibility study, announce a production decision by 2026, and pay more cash.
Message 34515237
Canada Cobalt Works aka CCW released one of those year end 'here's what we did' PRs that contains nothing new. Yep, they have a lot going on, way too much for such a tiny company IMO, so I am glad my position is also tiny.
Message 34515258
Osisko Development aka ODV released an exploration update from the Trixie gold mine on its Tintic property in Utah. On the one hand, these include assays from chip samples from development faces along the recently completed drive which opened up multiple new areas for further exploration. As well, there are assays from the remaining drill holes from this year's campaign, which include the narrow high grade intercepts we have come to expect like 8.32 g/t Au and 501.00 g/t Ag over 1.52m as well as 7.46 g/t Au and 301.52 g/t Ag over 2.77m.
Once all assays are in, a new Resource Report for Trixie will be released. Meanwhile, drilling continue at Trixie West, a porphyry Cu/Au target beneath Trixie.
Message 34515320 |
