Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Royalties Inc C.RI

Alternate Symbol(s):  ROYIF

Royalties Inc. is a Canada-based diversified royalties’ company. The Company has a 2.1% stake in Music Royalties Inc. (MRI), a Canada-based private company that acquires passive music royalties from rightsholders, including artists, producers and songwriters, and holds a portfolio of approximately 28 cash-flowing music royalties. The Company also has interests in exploration and evaluation properties located in Mexico, owning a 100% interest on the Bilbao silver-zinc-lead project located in the southeastern part of the State of Zacatecas. It also owns 88% interest in Minera Portree de Zacatecas, S.A. de C.V (Minera Portree), which holds an asserted claim to a 2% net smelter royalty on five mining concessions located adjacent to the Cozamin Mine operated by Capstone Mining Corp.


CSE:RI - Post by User

Post by blackgold14on Feb 04, 2021 2:59pm
463 Views
Post# 32472626

Silver Resource Probably Stands At 15 Million Ounces Now

Silver Resource Probably Stands At 15 Million Ounces NowThe results from the first two holes of the drilling campaign are positive but not spectacular.  Both holes returned above average silver mineralization that will clearly add a lot of ounces to the next calculation of the overall silver (and other metals) resource.  If I were to make an educated guess, these results combined with similar results from the next three holes as well as future confirmation drilling, we are probably at 15 million ounces of silver.  Of course, there is the possibility that the next three holes will yield long intersections of the 10 plus ounce silver material as in the past which would increase my estimate beyond the 15 million ounce mark.  We'll see in the next month.  What I would like to know is how long are the veins on these satellite deposits ?  If there is continuity potential beyond the latest drilling, then of course, the silver resource could be much larger.  I'm not a geologist but these initial results are good and definitely add value to the project and ultimately the price if the company ends up selling the project.  
<< Previous
Bullboard Posts
Next >>