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Walker Lane Resources Ltd. reports developments as a growth-stage mineral exploration company focused on high-grade gold, silver and polymetallic deposits. Company updates center on the Walker Lane Gold Trend in Nevada, the Rancheria Silver District in Yukon and British Columbia, and additional property assets in Yukon and Newfoundland and Labrador.
Recurring news themes include exploration planning for Tule Canyon and Amy, geophysical work at Silverknife and Amy, processing studies for Silver Hart, the Blue Heaven property interest, and capital actions such as flow-through and non-flow-through private placements. The record also includes updates tied to Bishop gold processing mill arrangements, the North Bay Resources shareholding, and board or governance changes.
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CMC Metals Ltd. has reported promising results from its 2022 drill program at the Silver Hart Project, which included 4,404 meters of diamond drilling across 25 holes. Notable findings include Hole SHM22_06 that intersected 813 g/t AgEq over 8.25 meters, with a peak of 2,827 g/t silver and 18.7% zinc. The program explored five key areas, revealing potential extensions of the KL vein and significant mineralization in the carbonate belt. The discovery of the St. Patrick Vein, with a strike length of up to 900 meters, shows potential for silver-lead-zinc-copper deposits. Despite variable results, the company emphasizes the importance of further investigation into these new findings to refine their exploration strategies.
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CMC Metals Ltd. has reported significant mineral discoveries at its Blue Heaven-Silver Hart Project in Yukon.
The company collected approximately 280 samples from four trenches, revealing high-grade silver-lead-zinc mineralization, particularly in the Golden Trenches Zone. Notable results include:
- Trench 1: Up to 10% lead, 8.5% zinc, and 459 g/t silver.
- Trench 2: Averaged 13.39% lead, 359.25 g/t silver over 8 meters.
- Trench 3: Highlights included individual samples with 23.86% lead and 623 g/t silver.
- Trench 4: Identified a 105-meter mineralized zone with grades up to 199 g/t silver.
Mr. John Bossio stated these results corroborate their exploration strategy, hinting at the potential to expand resources at Blue Heaven.
CMC Metals Ltd. has contracted H3M Environmental to perform an Archaeology Overview Assessment (AOA) for the Silverknife-Amy project areas in British Columbia. This assessment aims to identify archaeological concerns along access routes and project claims, ensuring compliance with the British Columbia Heritage Conservation Act. Expected to be completed within 4-6 weeks, the AOA is part of the company's commitment to responsible exploration and fostering positive relations with First Nations. CEO Kevin Brewer emphasized the importance of early engagement and adherence to established procedures to streamline permitting processes.
CMC Metals Ltd. (CMCXF) has initiated a geophysical program at its Bridal Veil Project in Newfoundland. The program, which employs Induced Polarization (IP) Survey techniques, aims to assess the potential for mineralization along an inferred intrusive contact identified in previous surveys. The survey will cover 11 line kilometers, providing critical data on chargeability and resistivity, which indicate mineralization potential.
Initial findings reveal a northeasterly trend of gold-in-soil anomalies, enhancing the property's appeal. The company's leadership expresses optimism regarding the potential for orogenic gold deposits in the region.
CMC Metals Ltd. has selected Flamingo Drilling Ltd. for a 3,000-meter exploration drilling program in 2023, contingent on receiving a drill permit in the next 2-3 months. The project will be conducted at the Silverknife Property in British Columbia, located near the high-grade Silvertip Mine. Flamingo will use a modern Zinex U5 drill, known for its efficiency in remote areas. CMC's President and CEO, Kevin Brewer, expressed confidence in Flamingo's capabilities, which minimize ground disturbance. CMC specializes in high-grade polymetallic deposits across various Canadian regions.
CMC Metals Ltd. held its 2022 Annual General Meeting (AGM) on December 15, 2023, approving all resolutions presented, including the election of Board members and the appointment of Crowe Mackay LLP as auditors. A total of 21,732,831 shares were voted, representing 15.76% of outstanding shares. Key resolutions achieved high approval rates, with the appointment of Kristian Whitehead, a geologist with drilling experience, highlighting the company’s focus on enhancing shareholder value. Chairman John Bossio emphasized CMC’s strong financial position and growth opportunities in 2023, particularly concerning its Silverknife project in the Rancheria Silver District.
CMC Metals Ltd. has announced the discovery of high-grade silver-lead-zinc samples at its Amy Property in British Columbia. Samples from trenches and a historic adit dump yielded impressive results, including up to 946 g/t silver and 18.76% lead. The Amy Property is situated near the Silvertip mine, known for its high-grade deposits. Previous explorations took place in the 1960s and 1970s, but modern techniques have yet to be applied comprehensively. The company plans further exploration and engagement with stakeholders to facilitate future drilling efforts, potentially starting in 2024.