“Is it a mine?” is GR Silver Mining Ltd. (GRSL.V) CEO Marcio Fonseca’s constant question as he leads the exploration of the Rosario Mining District in Sinaloa, Mexico. “We’re very close to saying yes,” said Fonseca in a telephone interview.
In the investment banking business people talk about “deal flow”. Putting one deal together, closing it and moving on to the next deal. Peter Clausi, CEO of CBLT (V.CBLT) brings the concept of deal flow to the junior mining space.
I think it is fair to say that Eloro (V.ELO) CEO Tom Larsen is excited by what the company is finding at its Iska Iska Property in Southern Bolivia. The announcement of a second major mineralized breccia pipe approximately 400m in diameter confirmed Larsen’s belief that Iska Iska may have significant tonnages of commercially viable material.
Junior resource companies have been struggling to adapt their businesses to COVID-19. It is pretty tough to socially distance in a four seat helicopter and “camp” arrangements have to be reconsidered. In Ryan Jackson’s Newlox Gold’s (C.LUX)case, its milling operation in Costa Rica had to be suspended entirely.
Renforth Resources put out a press release November 12 which outlines the company’s activities at its polymetallic Surimeau Property which is contiguous to the Canadian Malartic Mine as well as updating the company’s drilling at Parbec.
The phone would ring. “Sorry I haven’t been in touch, totally fucking busy.” It was Bruce after three months of radio silence and he’d want an article written in twenty-four hours or just wanted to share a bit of graphite information under “the dome of silence”. He’d always have a filthy joke to tell and a bit of graphite gossip to relate. He was, or had been, the CEO of dozens of junior resource companies. He’d raised a lot of money. His passion and focus, when I knew him, was Canada Carbon and its ultra-pure graphite.
When geologists are planning a drilling program they want to have as much information as possible before the drill starts turning. Tocvan put out a press release October 27 which, in technical language, indicated that the company’s geologists has reached some conclusions as to the geological structures at its Pilar Gold-Silver Project in Sonora, Mexico. And it is those structures which will determine where Tocvan (C.TOC) will drill.