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LBSR Liberty Star Minerals Chief Geologist James Bryce joined Steve Darling from Proactive to share news regarding the drilling progress on the Hay Mountain property. Bryce outlined details about two holes drilled so far.
Hole HM-117 was drilled at the center of the magnetic high and over the conductor identified by the ZTEM survey. The initial depth to bedrock on the drilling pad was 108', after which the drill encountered limestones of the Morita formation. The presence of Morita at this elevation suggested a faulting event, with a vertical offset of over 800'. To further investigate, the company decided to deepen the hole by an additional 500' and extend the overall program by 1000.
Bryce also told Proactive hole HM-001 was located 0.6 miles east of hole HM-117. This hole was collared on Colina limestone outcrop displaying polymetallic leakage textures at the surface, indicating elevated levels of lead, zinc, molybdenum, and sometimes copper.
SYDNEY, Australia, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Btab Ecommerce Group, Inc., an e-commerce company (OTC: BBTT) (“BTAB” or the “Company”), and Integrated Wellness Acquisition Corp, a special purpose acquisition company (NYSE: WEL) (“WEL” or “Integrated Wellness”), today announced that they have entered into a Letter of Intent (the "LOI") providing for a proposed business combination (the "Transaction") that will result in BTAB acquiring control of WEL. The Transaction values BTAB at an initial enterprise value of U.S. $250 million.
Under the terms of the LOI, subject to negotiation and signing a definitive agreement, WEL will issue both common and preferred shares in exchange for the shares in BTAB.
BTAB is an e-commerce company that operates through its network in Australia, Asia, United States and United Kingdom, and its affiliated company is the e-commerce company, Btab Group Inc.
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