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Planet Green Metals Inc V.PGR


Primary Symbol: C.PGR

Planet Green Metals Inc. is a Canadian critical mineral assets company. The Company is engaged in acquiring de-risked mineral exploration and royalty properties. The Company holds six exploration properties in northern Ontario, covering copper, gold, volcanogenic massive sulfide ore (VMS) related base metals and lithium. Its projects include Sheraton Property, Marion Property, Rich Lake Property, Grenfell Property, Harrison Road Lithium and Jeannette Lithium. The Sheraton Property consists of over 3,000 hectares and is located 25 kilometers (km) southwest from Matheson, Ontario. The Marion property is located 270 km north-northwest from Thunder Bay, and 100 km southwest of Timmins and consists of over 53 unpatented mining claims located in the Province of Ontario. The Rich Lake property is located 365 km north-northeast from Thunder Bay and 17 km west of Fort Hope, Ontario and consists of approximately 100 unpatented mining claims in the Province of Ontario.


CSE:PGR - Post by User

Post by bedrockeron Mar 14, 2010 8:00pm
403 Views
Post# 16881739

Great Hits

Great HitsI had a look at core at the PDAC. With all the associated massive barite it looks a lot like Buchans ores. The latter had a number of pods that were only a few hundred thousand tonnes or less, but also some big ones in the few millions - adding up to 50 plus years of mine life.

They could hit the big one anytime, but the system now warrants drilling out to 1000 meters or more vertical depth whatever they come up with. It is rare when high grade and big widths go together in these systems - almost always restricted to the economic deposits in VMS camps. A strong indicator that this is an ore making system.

An extremely low market cap at present, especially considering they have grassroots gold exploration bets as well in NF and ONT with intercepts approaching what it takes. A VALUE stock as you could get - what is already hit will not go away - a winner. There obviously could be misses as well as hits in drilling, this not being a system with uniform lateral widths as a coal seam might be. That was the history at Buchans so I would expect the same.

Real good news for the central VMS belt - and maybe for local Tally Pond mine workers in time. Cheers to all who are holding this one - well directed exploration.
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