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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 high grade polymetallic deposits in the Yukon, British Columbia and Newfoundland. Its polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver District include the Silver Hart Deposit and Blue Heaven claims (Yukon), Amy and Silverknife claims (British Columbia). Its polymetallic projects with the potential for copper-silver-gold and other metals include Bridal Veil (central Newfoundland) and Logjam (Yukon). Its flagship property is the Silver Hart property, covering over 116 claims, 2,017 hectares, located in the south-central Yukon. It has an 80 % interest in Blue Heaven Property, which consists of over 121 contiguous mineral claims located in southern Yukon. The Silverknife Property comprises two mineral tenures covering approximately 538.3 hectares. The Amy claims comprising 16 mineral tenures (approximately 908.4 hectares) cover part of the Cassiar Batholith.


TSXV:CMB - Post by User

Bullboard Posts
Post by Amaladeon Jan 15, 2010 7:03pm
712 Views
Post# 16685759

Spoke to D.Wedman

Spoke to D.WedmanUnfortunately, it was bad luck that a CTO occurred. The good news, a lift of the CTO is immediate, and by next wed. trading resumes. On the tech report, the BCSC would not accept historical data , and the last few years of historical assay results, so those totals have not been included in the N43 101.
On the Silver Hart project, there are another 15-20 ore bodies, still not drilled out, so Mr. Wedman , estimates this mine will go on for 10 years with a possible 10 million oz of silver totally inferred.
In the meantime, the company is re applying for the mine permits, etc. now that the CTO is lifted, and he figures, the mill will be commissioned to process the stock pile of ore in Sept. 2010.
There was also talk of having just one central mill to process the ore from Silver Hart, Logjammer, and Wheelbarrow sites.
CMC will be back on track, before you know it.  GLTA
Bullboard Posts