TSXV:PRS.H - Post by User
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TheREVOlutionon Mar 03, 2024 5:05pm
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RE:Looks like Agnico going to make a move to buy Prism
RE:Looks like Agnico going to make a move to buy Prism Now you have to read this to understand why Agnico will be going through with this. https://www.canadianminingjournal.com/featured-article/steady-hands-whip-detour-lake-into-shape/
Excerpt: " One of the more exciting aspects of Detour’s future, however, is the new high-grade discovery south of the current open pit along a major east-west structural break less than 6km south of the Sunday Lake deformation zone that hosts the Detour Lake mine and which Beaudoin describes as “one of the most important discoveries on the Detour Trend in forty years.” Earlier this summer Detour released assay results from its exploration program in the Lower Detour area with highlights from the 58N Zone including intercepts of 12.74 grams gold per tonne over 28 metres, 11.82 grams gold over 32.4 metres and 9.69 grams gold over 30.3 metres. Drilling in Zone 75, 20 to 50 metres south of the 58N Zone, returned assays of 4.31 grams gold over 7.3 metres, 10.82 grams gold over 7.0 metres and 7.41 grms gold over 5.1 metres. Beaudoin is encouraged by the results so far and says he hopes to find a lot more to potentially develop a higher grade feed source for the mine." “Within two seasons we’ve proven that we have high-grade material close to the mine, right on our doorstep,” he says. “We’re all excited about this and if we could spike grades it would be a screamer.”