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Bullboard - Stock Discussion Forum Golden Valley Mines Ltd GLVMF

Golden Valley Mines Ltd identifies, acquires and develops exploration and evaluation minerals in Canada as well as acquiring royalties. Its exploration properties are located in the Abitibi Greenstone Belt (AGB) (Ontario and Quebec); the James Bay, Mistassini and Otish regions of northern Quebec; the Nunavik (Ungava and Labrador) region of northern Quebec; the Athabasca Basin of Saskatchewan... see more

OTCQX:GLVMF - Post Discussion

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Post by arh0070 on Feb 16, 2017 10:20am

Gzz

There is a lot of information provided by agnico on malartic so it will take a little time to digest .It all looks positive though not spectacular ,looks like they will expand mining into this area over the next 2-3 years ,planning more infill drilling on the higher grade areas which make a big difference to profitiability .the reserves added in the year equaled the amount produced ,more drillign planned .My reading is the results are decent but not spectacular .They have as already noted published an inital resource for oddysey .Will have to wait for Ian ball to give his spin on it all .Might ask Glen Mullan what he thinks .Malrtics stocks which is a major component of abitibis assets and thus gzzs didnt move much this morning so far .gold is gradually strengthening so if we are in a gold bull market then we will clearly participate in many ways .
Comment by Mattheus on Feb 16, 2017 7:47pm
Yes all of Odyssey is 1.43M but rzz is only odyssey north so it's still an unknown really what the reserves are for rzz's royalties.I did speak with Ian Ball this morning..Key points are that this years drilling plans going in for odyssey are for 100,000ft while last year was only 80,000ft going in and ended up being 125,000ft.The resource estimate is already dated as it doesn't ...more  
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