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To clarify, Alaska and northern Canada are good low risk...

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FiendishRedbeard

7,936 Posts.

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26/03/19

22:42

Post #: 37893523
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Originally posted by HarryKane: ↑

This info is from Investor Update 26 March released to the ASX.
https://wcsecure.weblink.com.au/pdf/PXX/02089700.pdf
@FiendishRedbeard @Per4manz Alaska ranks in the Global Top 10 investment destination (2019 Fraser Institute Rankings)
Regarding metallurgy, perhaps there are past results for the Caribou copper deposit but none exist for the Zackly skarn. Metallurgical studies about to commence.
My guess is a 6,000m drilling program plus PXX costs might amount to $2m. Funny coincidence, but that also equates to a 10% placement to a major!
All the best trying to read the tea leaves.

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To clarify, Alaska and northern Canada are good low risk locations for mining. As a junior not having ground access for half the year is a problem in terms of news flow and remote locations can be more expensive. Early results from Caribou were not great, I'm sure they have already focused on new targets.

PXX Price at posting: 6.3¢ Sentiment: Hold Disclosure: Not Held
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