Followers | 141 |
Posts | 5891 |
Boards Moderated | 0 |
Alias Born | 10/27/2003 |
Tuesday, August 29, 2017 9:19:02 AM
The Company’s fundamental goal during the next 12-24 months is to determine if Pardo contains gold resources of sufficient quality and quantity to become a mine.
Proposed 2017 Exploration and Development Program:
1. 1,500 meter (m) winter drill program at a cost of $141,000 (completed).
2. 3,500 m summer/fall drill program (starting in Q3): Approximately 130 diamond drill holes are planned for the summer/fall drill program that will focus on extending a 50 m by 50 m grid of drill holes at an estimated cost of $560,000.
3. Bulk sampling of up to 1,000 tonnes of material (in Q3 or Q4): A permit is in place to remove 1,000 tonnes of material from the property for metallurgical testing. The planned bulk sampling is estimated to cost $250,000.
4. By the end of 2017, we expect to engage a third party engineering firm to prepare a National Instrument 43-101 mineral resource estimate on Pardo. This is estimated to cost $60,000.
5. Prospecting and evaluation of other mineral prospects: This is estimated to cost $50,000.
The Company has spent approximately $470,000 towards the 2017 Exploration and Development Program.
https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/599edb6cebbd1a75971e3e14/1503583084270/MD%26A-2017-06-30.pdf
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM