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Steadright Critical Minerals Inc V.SCM


Primary Symbol: C.SCM

Steadright Critical Minerals Inc. is a mineral exploration company. The Company is engaged in exploration and evaluation of mineral properties. The Company holds an option on its RAM property near Port Cartier, Quebec within the Cote-Nord Region, which is accessible by route 138. The RAM project consists of over 13,000 acres and is located on an Anorthositic complex that is in a highly prospective geological unit, which is underexplored for nickel, copper, cobalt and precious metals. The Anorthositic complex consists of anorthosite, leuconorite, and leucotroctolite assemblages at its center, surrounded by a leuconorite, pegmatitic norite, and anorthosite unit. The RAM Property is roughly 29 km southwest of Port-Cartier, Quebec. It also owns a 100% undivided interest in the Saint Gabriel Project, which consists of Silica-based claims in the Bas-Saint-Laurent Region, Quebec, Canada. It also has a 100% interest in the Trout Lake Silica Claims, covering over 53 mineral claims in Ontario.


CSE:SCM - Post by User

Comment by cajoneson Jun 06, 2010 1:01pm
288 Views
Post# 17162699

RE: RE: Update on Alluvial Mining

RE: RE: Update on Alluvial Mining

Zebra - you are right about the wriggle room - but realistically, until they start churning out bars of gold, they have to be careful what they say.  I think it was a well-balanced release.  He let  shareholders know that they are still confident about production, but as they have just finished converting to the hydraulic system, there will understandably be some tweaking that needs to happen before they produce at target rate.  At lease now it feels like we are getting back on track.

Before this release, I had been getting quite concerned that the alluvial side of things had gone completely off the rails since we hadn't heard anything for so long.  

However, I still have concerns about where things are going with the hard rock element.  When they announced the drilling program in October, they said the first phase was going to be phase 2 drilling of Zone 9.  But no results have been produced, which suggests they were poor and are being kept from shareholders....   

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