Kootenay reiterated in Wednesday's release that its plan is still to complete a maiden NI 43-101 resource calculation for La Negra. Its next step will be to interpret, compile and collate Phase II results into a 3D geologic model; that will then be used to design the next phase of drilling.
A major deal hit the liquefied natural gas space on Wednesday. The BC government announced that Premier Christy Clark has signed a memorandum of understanding with Michael Culbert, president of Pacific Northwest LNG, for a facility in Prince Rupert.
Balmoral Resources announced results from an additional 11 holes drilled on the Bug Lake trend at its Martiniere project in Northern Quebec.
Alexander Nubia announced results from near-surface oxide gold drilling and deep step-out drilling on the Hamama West target at its Hamama VMS project in Egypt.
Geopacific Resources announced additional reverse-circulation drill results from its Kou Sa project in Cambodia. Highlights include 36 meters grading 15.71 g/t gold, 49.52 g/t silver, 1.18% copper and 0.34% zinc starting at a depth of 8 meters.
Geopacific Resources announced additional reverse-circulation drill results from its Kou Sa project in Cambodia.
Hammer Metals announced results from the first deep drill hole into the IOCG target at its Overlander North deposit.
News surfaced recently that Tokyo Electric Power, or TEPCO, which has not consumed uranium since the 2011 Fukushima nuclear crisis, is planning to sell part of its uranium stockpile during its 2015 fiscal year in an effort to cut costs. The sale could add 6.56 million pounds of U3O8 equivalent to the spot market.
Pure Energy Minerals announced that it has signed an expanded non-binding memorandum of understanding (MOU) with Korean Steelmaker POSCO. The new document expands the scope of an MOU signed last March to include other considerations such as the development of business relationships with potential customers and "consolidation with other lithium development properties/lithium producers."
The company said Tuesday that mill commissioning has started at its New Brunswick-based Caribou zinc-lead-copper-silver-gold project. It plans to use lessons learned from commissioning its Santander mine to get through the process smoothly.