IPT, KDK, RIO
Impact Silver aka IPT released another set of drill results from its Plomosas Zn/Pb/Ag mine in Chihuahua.
The five holes in this PR were all aimed at extending the Santo Domingo zone, which is one of the areas which are currently mined. All five holes found the expected narrow but high grade intercepts, with the headline assy being 18.83% ZnEq over 4.95m including 25.57% ZnEq over 1.33m.
With all the intercepts being near existing workings, this mineralization will be easy to access. All the mineralization is outside the historical MRE, and Santo Domingo remains open along strike.
Drilling continues, and I continue to await the right time to sell my shares of IPT.
Message 35354156
I think it's fair to argue that the management of Kodiak Copper aka KDK erred by splitting the updated Resource Report for its MPD copper project in south central BC into two parts. They reported Resources for four zones in late June, which capped a nice rise in the share price, and today's release for the other three zones has met with little reaction.
Would the overall response have been better if they had released the results for all seven zones today? I believe so.
But on to the numbers. The total Indicated Resource has grown to 82.9Mt grading 0.39% CuEq containing 519m lb Cu and 390k oz Au, while the Inferred Resources has reached 356Mt grading 0.32% CuEq for 1889M lb Cu and 1.28M oz Au.
It is also important to note that a number of the zones of mineralization included in the MRE are shallow, with some starting at surface. Certainly KDK needs to expand the amount of potential ore to attract a partner for MPD, so it is also important that there are still many potential deposits on the property that remain untested.
Message 35354187
As expected, the IKN newsletter weighed in on Rio2 aka RIO buying the Conestable Cu/Au/Ag mine in Peru. I can't say much, as IKN is a paid newsletter, but I will mention that apparently RIO intends to expand production from 8400 tpd to 12k tpd. As well, FNV's streaming deal for the gold and silver production will require much smaller deliveries starting next year, freeing up more money for the new owner.
Bottom line: IKN opines that RIO got a great deal, but it might take a while for the market to realize that. |
