RE:What happens after PDAC?There was a really big buyer of stock through Jan and Feb...more than 3 million shares bought by Canaccord. That type of accumulation is impressive. Institutional shareholder for sure.
The last NR contained this comment. I also think CZX was looking at doing a PEA on the main deposit as well.
Lots of news to come.....
Buy and hold like the recent institution that scooped up a significant position.
Peeyush Varshney, president and chief executive officer of the company, commented: "We're delighted by the impact the successful results from the 2017 drill program has had on the mineral resource estimate. This work continues to demonstrate that continuity of the resource in the central, high-grade area of the deposit and expansion of the indicated resource. The delineation of a majority of the resource in the indicated category greatly increases the confidence in the deposit model. The deposit remains largely open at depth and along strike and we are confident that the mineral resource will continue to expand with additional new drilling -- whether from surface or underground. Future drilling programs will test these areas for even further expansion."
Mr. Varshney continued: "The updated resource further sets the Cardiac Creek deposit apart as one of the world's premier undeveloped zinc deposits. Based on size, grade and jurisdiction, the deposit ranks amongst the top tier zinc deposits globally and is attracting the attention of several large base metal mining companies."
In the coming weeks, the company anticipates receiving results from its continuing metallurgical test program -- which represents an important milestone for the development of the Cardiac Creek deposit. The program commenced in the fourth quarter of 2017 on drill core samples from the successful 2017 drill program. The objective of the program is to assess the metallurgical performance of samples from the deposit using heavy media preconcentration followed by conventional flotation processes to recover zinc and lead into concentrates. The program is intended to generate sufficient metallurgical data to support a preliminary economic assessment study which is expected to commence in the first quarter of 2018. The program initially focused on testing a global composite that represents the average resource. A smaller subset of samples is now being evaluated using a variability assessment. The metallurgical work is being supervised by Tom Shouldice, PEng, the principal metallurgist of Base Metallurgical Laboratories Ltd. of Kamloops, B.C. Assistance and program design have been provided by Kelly McLeod, PEng, of JDS Energy and Mining Inc. of Vancouver, B.C.