WM, CAPT, NRN
Given that things seemed to have stalled with their feature project at Fenelon, perhaps the best hope for Quebec gold developer Wallbridge Mining aka WM lies with their nearby Martiniere project, which at this point has more potential to grow Resources. Maybe they can grow Mrtiniere enough to make the Fenelon.Martiniere package more appealing to potential buys.
To this end, WM has announced another round of drilling on Martinere.This phase of drilling with concentrate on the Dragonfly, Horsefly and Martiniere North zones, as well as the newly identified Martiniere Northeast target where they recently found an intersection of 6.0m grading 3.84 g/t Au .
Once the drilling is complete, we can expect a revised Resource Report. As well, WM will be carrying out grassroots exploration on various targets across its 830 sq km land package in the area.
Message 35197397
Even though I already have a 5-bagger with my holdings in Capitan Silver aka CAPT, who are drilling up the Ag, Au, Pb, and Zn on their Cruz de Plata property in Durango, Mexico, I didn't feel like I had enough shares so I averaged up and added to my holdings. Yes, I should have done it before the recent explosive move in CAPT's share price, but as the saying goes, the future is hard to predict...
Right now CAPT is drilling up the Ag-dominated vein clusters on the recently expanded property, as well as preparing an initial Resource Report for the Capitan Hill oxide gold deposit on the property.
CAPT's latest PR announces that they have raised $6.6M through the accelerated exercise of all outstanding warrants, and now are fully cashed up to carry out their work programme for the rest of the year. I am hoping they find what they are looking for so the share price will be higher the next time they need money. CAPT is also a takeout candidate amidst the flurry of M&A going on now among PM miners, developers, and explorers.
ca.finance.yahoo.com
Northern Shield Resources aka NRN announced they have completed a 3 km drill programme on their Root & Cellar Au/Ag/Te/Cu prospect on Newfoundland's Burin Peninsula.
I would say that this drill programme is close to NRN's last shot to avoid adding Root & Cellar to their long list of exploration failures. As usual, the PR is full of technical language and pretty pictures and talks about favourable indicators of various types, but unfortunately no indication is given as to when we might get the assays from this drill programme.
Message 35198409 |
