Exploring for gold and base metals in the Abitibi Greenstone Belt
Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date
Message: CHESTER & PG-101
We continue to wait on Teck, in regards to their formal plans, and work schedule at the Company’s Timmins Porcupine West (TPW) GOLD deposit. There is a rumour racing around the mining community in Timmins, ON, about the 1,400meter (4,600feet) drill core being analyzed for copper & zinc, from the property adjacent to the northern border of the Glencore Kidd mine. Personally, having spoken to a variety of friends, & associates in the area, I have not been able to find out anything about that. I have heard formal lab results are still a good two weeks away.
Turning to the Chester NR that came out last week, I was impressed with the immediate reaction in the market, with 3.3million shares trading hands that day. That speaks volumes to the Copper deposit in New Brunswick, although I expect a Dork, or two, may offer some conflicting views. Explor’s mission is to delineate a potential deposit, which they appear to be doing quite well. The Company is planning additional drilling on the property, but no dates, or budgets have been established as yet. Given some of the numbers, I can see a higher priority being given to that.
I’ve been hearing Dupont is planning to drill the PG-101 property, on the heels of extensive geophysics just completed. I would suggest readers visit not only Explor’s website, but also Kirkland Lake Gold. Eric Sprott, and Tony Makuch acquired the Holt mine, adjacent to the PG-101, when they took over, and incorporated St. Andrews Goldfields into Kirkland. Since then, the mine, originally opened by Barrick in the late ‘80’s, has been in production, and extensive new exploration by Kirkland, including eastward towards PG-101, is yielding some excellent grades of GOLD. The PG-101 sits on the same structure as the Holt mine, and the geophysics have provided excellent drill targets. I’m most interested in Kirkland’s reaction, when Explor’s drill rig starts turning, within view of the mine. I know Dupont is anxious to get a program underway.
The ‘Metals News.com’ article is in final draft, & should be posted to that, and sister sites mid week, in an effort to enhance interest on the OTCQB in the US. Lastly, the undertaking to inspire a greater footprint in the Chinese mainland is progressing nicely…
Please login to post a reply