Tom Larsen, CEO of Eloro Resources (V.ELO), is waiting, somewhat patiently, for the results of drilling at the company’s Iska Iska project in Southern Bolivia. Eloro signed the Iska Iska deal in January and the drills are turning.
There is no single right way to organize and operate a junior resource company. Instead, each company needs to figure out its own path to maximizing shareholder value. Whether it is a greenfields exploration story or a brownfields mining restart, every project is different. Peter Clausi, CEO of CBLT Inc. (V.CBLT), spent the early part of his career as a commercial litigation lawyer on Bay Street. He’s seen most of the business models.
BC’s Golden Triangle has been a hugely productive mining area since the 1980’s. There is no question of its mineral endowment as mines like Premier back in the 1920s, the SNIP and Eskay Creek in the early 1990s, and, more recently KSM, Red Chris and Valley of the Kings have all come online with gold, silver and copper in abundance. The Golden Triangle is a big place and there are many highly prospective but largely unexplored or underexplored areas.
VANCOUVER, BC / ACCESSWIRE / September 28, 2020 / MGX Minerals Inc. (“MGX” or the “Company“) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) announces preliminary assay and metallurgy results for extraction of gold from mineralized rock from the Heino Gold Deposit by ALS Global Canada. Three composite samples from a single 150kg bulk sample has averaged 17.3 grams per tonne gold and 20% recovery of gold by crushing and screen and up to 63.3 grams per tonne gold with a 53% recovery by screening. This is to be considered free gold recovery, prior to flotation or other extraction method. Further MET results are expected within the week.