IPT, KTN, WGX, WRLG, Mexico
Impacy Silver aka IPT released assays from three more holes looking for extensions of the Juarez Zone at its Plomosas Zn/Pb/Ag mine in Chihuahua, Mexico. All three holes were drilled outside the JORC Resource declared by the previous owner, and all three found the expected narrow zones of high grade CRD mineralization, with the feature intersection being 15.14% ZnEq over 3.07m Including 24.69% ZnEq over 1.47m. Note that these assays are from areas close to existing workings so are easy to access.
Two drills are continuing to test areas of near mine mineralizarion, while another is testing other prospects on the property. Meanwhile, the share price continues to founder due to that greedy, ill-conceived PP.
Message 35337359
Kootenay Silver aka KTN released assays from the first seven holes of the current drill programme underway on its Columba project in Chihuahua, Mexico. Columba currently has an Inferred Resource of over 50M oz Ag, and probably needs to double that to attract a development partner.
Five of the holes targeted the I Vein, twp the D Vein. As expected, drilling found intercepts like 3.2m grading 212 g/t Ag, 0.2% Pb, and 0.6% Zn, including 0.7m of 756 g/t Ag, 0.6% Pb, and 2.5% Zn, as well as 3.97,of 303 g/t Ag, 2.8% Pb+Zn with 0.71m of 921 g/t Ag, 0.12 g/t Au, and 6.8% Pb+Zn.
And that's where things get really interesting. For the first time, exploration has found indications of porphyry Au/Mo mineralization at Columba. Given that this was found in separate holes more than 95m apart, together with other clues this may indicate a separate source of mineralization.
This will require more drilling to assess. As well, note that KTN warns us of laboratory delays due to unprecedented workload.
Message 35335001
West Australian gold miner Westgold aka WGX released a new presentation for their AGM. Nothing new that I could see...
westgold.com.au
FWIW, the Ikn newsletter did a long analysis of West Red Lake Gold aka WRLG, which I can't share too much of because it's a pay newsletter. I will say that IKN figures the recent weakness amount to jitters about costs, no surprise given the history of the past operator of the Madsen mine, and that IKN remains confident about its target of $1.44 for the stock (which would also be good news for us warrant holders).
FWIW, IKN also provided an update in mining in Mexico, specifically a speech last week by Mexico's Finance Secretary in which he said 'exploration must be re-activated on a larger scale starting next year.'. He is not the President, but he is powerful, so this is a development worth keeping an eye on. |
