$WALRF - An Emerging Company With Lithium, Gold, and Silver Mining Properties - Low OS and Market Cap
Rundown of their various Projects:
The Cobalt Hill Property is located 5 kilometres east of Castlegar, BC, and consists of 8 mineral tenures totalling 1727.43 hectares. There are many known mineralized showings on the Cobalt Hill Property.
The property exhibits the potential for high grade gold suggested by historical work.
Phase I will include compilation of previous exploration work along with a recently completed ground geophysical survey results. An expanded geochemical survey and structural geological mapping is required to produce more detail in mineralized areas. The best targets defined by geology, geochemistry and geophysics will be trenched where bedrock is deemed shallow.
Phase II diamond drilling program will be considered. Although good geochemical anomalies currently provide drill targets, the Phase I program will better prioritize these targets and give an understanding of the structural controls on the mineralization.
TYR SILVER PROJECT
Area of approximately 300 sq. kms.
Situated in the Geological Setting of the New England Orogen, a significant mineral province in Eastern Australia with potential for large gold/silver systems.
Two historic silver mines are located on the property with associated lead zinc mineralization in polymetallic vein structures
The Burra Silver Mine is estimated to have a historical Inferred Mineral Resource of: 60,000t at an average stated grade of 933g/t Ag and 20% Zn
The Torny Mine is estimated to have a historical Inferred Mineral Resource of: 51,000t at an average stated grade of 466g/t Ag, 2.3% Zn, 11.9% Pb1
CENTURY SOUTH SILVER-ZINC PROJECT “CSSZP”
Large tenement encompassing 277 square kilometers in north-west Queensland.
The Century South Silver-Zinc Project (CSSZP) is located in the right district, as across the Mt Isa Basin are several world-class silver-zinc-lead and copper deposits.
CSSZP is about 8 km along strike from New Zinc Resources’ (ASX: NCZ)2 world-class Century Mine which re-commenced mining operations in 2018:
The two projects are both located on major, regional fault line
The underlying geology between CSSZP and the Century mine is potentially comparable due to similar geophysical characteristics.
ROUTE 381 LITHIUM PROPERTY
Recently the company announced that it has entered into a property purchase agreement to acquire a 100% interest (subject to a 2% NSR)(the "Acquisition") in and to the Route 381 Lithium Property, comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of Quebec, and covering 2,126 hectares.
The Route 381 Lithium Property is located directly west of and adjacent to Stria Lithium Inc.'s Pontax-Lithium project.
With the acquisition of the Route 381 Lithium Property, they have initiated the second phase of their business model of acquiring and developing battery-material focused assets. The Route 381 Lithium Property is located in a prolific hard-rock lithium jurisdiction with several actively advancing lithium projects including Critical Elements Lithium Corporation's Rose Project, the Whabouchi lithium project and Galaxy Lithium (Canada) Inc.'s James Bay Lithium Project.
Market Cap as of 2/4/21: 17,533,101
Issued and O/S: 43,423,750
Company Presentation from November 2020 https://static1.squarespace.com/static/5f19b158d594ec5a20fdf4be/t/5fc836274b97230d050495c0/1606956599217/Walcott+Presentation+12012020.pdf
Latest News https://www.walcottresources.com/news-releases