Suspect we'll see a news release within the next few weeks prior to PDAC, March 4-7.
..."The W-85 deposit, which the Company intends to mine using surface mining methods, has been drilled and assayed, and resource modeling is currently being completed. We expect this resource estimate to be released later this year."
Safe to expect:
The existing historical resource* on W-85 is as follows:
Tonnes Lead % Zinc %
3,760,000 2.3 4.0
.."The upgrading of N-204 to reserve by mid-summer and the upgrading of W-85 to reserve by late this
year would result in a reserve that will support a 15-year mine life."
Now, Ive just reviewed the January 2012 Corporate Presentation on their site. I had though we were looking at 20 Million in equity financing as a precaution, now it looks as though its 30 Million.
Does anyone else see this ??