RE:RE:Is Barite the new flavor?I don't know if Barite is the new flavour lol
It is a commodity which is needed in the oil
and gas industry in so called "drilling muds"
to control pressure in the wells. As deeper a well
is drilled as more Barite is required.
North Americs is lacking sufficient Barite resources
and depends for most of its Barite on imports from
China,India and Maroco.
Should China hold back their Barite for their own
ever increasing drill activities,mostly for Natural Gas
or for geo-political reasons Barite would become the
flavour of the day in a hurry
Interesting with the company's barite deposit is that
it has the potential to be an enormous resource,it's
local,open pit and next to shipping and loading facilities.
The company should define the resource through drilling,
run tests on the ore to demonstrate that a industrial grade
barite can be had through floatation and gravity.
Next would be to connect to a market which already exists.
The process would also remove base,silver and gold
mineralization of significant values.The concentrates
could be shipped to smelters in Korea or Japan as Imperial
Metals does with their concentrate from the Ref Chris property