NTH, KTN, OGC
Nord Precious Metals aka NTH delivered further proof that their symbol should be AHDH by announcing yet another venture. This time they are working with Temiskaming Testing Laboratories to develop a process to manufacture silver paste, which is used in the manufacture of solar cells. NTH is apparently talking to cell manufacturers to develop specifications for the product, which they seem to think they can commercialize fairly rapidly to provide cash flow. We shall see.
Message 34624244
On Mar. 14 Kootenay Silver aka KTN announced the 'commencement' of drilling on its Columba silver prospect in Chihuahua, Mexico. Now we get another PR announcing that drilling is underway.
I find PRs of this type, which contain no new information, to be a waste of time and money. After all, we all knew that since drilling has commenced already, that it is underway...
FWIW, the proposed program includes 15-17 holes totaling 5km metres aimed at expanding the D-Vein target
Message 34624337
Oceanagold aka OGC released an update detailing how exploration at two of their mines supports the expansion of production.
At the Haile gold mine in South Carolina, OGC released results from 8 holes drilled at the Horseshoe Extension and Lower Horseshoe which were not included in the recently release resource update. Assays like 34.9m @ 7.60 g/t Au and 39.3 m @ 5.8 g/t Au set the stage for resource growth near existing underground infrastructure. Drilling continues with more than 8km planned.
At the Didipio gold/copper mine in the Philippines, OGC released results from both extensional underground and resource conversion drilling. An intercept of 87m @ 1.43 g/t AuEq extended mineralization 200m below the existing resource and will be followed up by further drilling, while two holes returning 35m @ 1.06 g/t AuEq and 15m @ 3.32 g/t AuEq, respectively, open up two new zones for further exploration. In addition, OGC announced the results of successful resource conversion drilling below the existing pit, as well the commencement of exploration drilling at the Napartan Au/Cu target 9km NW of Didipio.
Message 34625327
In response, Scotia issued a new analyst report on OGC calling the results Posivie, while maintaining OGC at Sector Outperform with a target of $4. |
