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CMC Metals Ltd V.CMB

Alternate Symbol(s):  CMCXF

CMC Metals Ltd. is a Canada-based growth stage exploration company. The Company is focused on opportunities for polymetallic deposits in Mexico, Yukon, British Columbia and Newfoundland. The Company's silver-lead-zinc polymetallic projects include Gavilanes Silver-Gold Project, Silver Hart Property, Blue Heaven Property, Rancheria South property, Bridal Veil Property, Amy and Silverknife Properties, Terra Nova Property and Rodney Pond Property. Its Silver Hart Property is located in the south-central Yukon and consists of 116 claims covering over 2,017 hectares. The Blue Heaven property consists of 121 contiguous mineral claims located in southern Yukon. The Rancheria South property lies south of the British Columbia-Yukon border. Rancheria South comprises of 12 mineral tenures covering 2008.32 hectares. Its Silverknife property comprises two mineral tenures covering over 538.3 hectares. The Amy Property lies eight km to the west of the Silvertip Mine complex.


TSXV:CMB - Post by User

Bullboard Posts
Post by hanscazanon Jun 28, 2017 5:46am
234 Views
Post# 26412471

CMC Provides Progress Report on Work Program at Silver Hart

CMC Provides Progress Report on Work Program at Silver HartCMC Provides Progress Report on Work Program at The Silver Hart Property Vancouver, BC.: CMC Metals Ltd. - (the Company) (TSX-V: CMB) is pleased to announce that the summer 2017 drilling program at its 100% owned Silver Hart silver-zinc-lead property in the Yukon is progressing on budget and schedule. Drilling is being conducted per terms of a Class 1 Notification under an Allowance to Proceed granted by the Mineral Resources Branch of the Yukon Department of Energy, Mines and Resources. The drilling is being undertaken using a low-impact (24.8 kPa ground pressure) diesel hydraulic track mounted core drill rig, subject to certain track imprint remediation by the Company. The Company announced (June 12, 2017) plans to drill up to 12 holes, including some confirmatory and some exploration work. The program has been expanded to comprise 14 holes, expected to entail about 800 850m of drilling. In addition to the drilling the company has relocated some extensive intervals of historically drilled but previously un-sampled core to its off-site core sampling and logging base near Rancheria: quick-logging and sampling of this material is ongoing. The company also cleaned and secured the camp located on the Silver Hart property. We are pleased with the progress of work at Silver Hart: in addition to drilling we are sampling certain historic drill holes that were not sampled for assay, and we have evaluated the condition of the existing camp, equipment, core storage facilities and certain historic workings and road infrastructure to assist with future work plans, stated Ian Graham, CEO. The Company further wishes to announce that it has repriced its originally announced 4,200,000 Unit Flow- Through private placement as announced pursuant to its June 1, 2017 press release, from $0.12 per Unit to $0.10 per Unit, and increased the number of Units available pursuant thereto from 4,200,000 Units to up to 5,000,000 Units. Other than the change in the Unit price and increase in the number of Units being offered, the remaining terms and conditions as set out in original June 1, 2017 release, remain unchanged. This transaction remains subject to TSX Venture Exchange approval.
Bullboard Posts