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AMREP Corp T.AXR


Primary Symbol: AXR

AMREP Corporation is a holding company, which conducts business through its subsidiaries. The Company operates through two business segments: land development and homebuilding. The land development segment offers for sale both developed and undeveloped real property to national, regional and local homebuilders, commercial and industrial property developers, and others. The Company owns approximately 17,000 acres in Sandoval County, New Mexico. The Company develops both residential lots and sites for commercial and industrial use as demand warrants. The homebuilding segment offers a variety of home floor plans and elevations at different prices and with varying levels of options and amenities to meet the needs of homebuyers. The Company is focused on selling single-family detached and attached homes. The Company commenced operations in New Mexico of its internal homebuilder, Amreston Homes. The Company utilizes internal and external sales brokers for home sales.


NYSE:AXR - Post by User

Post by mattbighamon Jan 19, 2021 9:38am
312 Views
Post# 32325180

There it is

There it is
Clynt Nauman, Chairman and CEO of Alexco commented, “The discovery of a significant zone of high-grade silver mineralization beneath the Bermingham deposit confirms that this is one of the more significant silver deposits in the entire Keno Hill Silver District, rivalling the extent of the historic Hector-Calumet deposit, which produced 96 million ounces of silver prior to shutting down in 1972. If the Northeast Deep zone discovery is further substantiated by the extensive drilling program we have planned for 2021, it is my view that the result will have important strategic implications for the future development of Keno Hill. Most interestingly, even as it currently stands, the western-most drill hole in the Northeast Deep zone - which returned a true thickness of 8.76 meters of mineralization grading 3,530 g/t (115.2 oz/t) Ag with 14% lead and 3% zinc - is located just 250 m east and 75 m below the projected bottom of the Bermingham primary decline. This means that this zone could be easily accessed from currently-planned mine infrastructure.”
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