The Conversation (0)
In an article for Mineweb, Kip Keen took a look at Trimetals Mining (TSX:TMI.B)at Brien Lundin’s New Orleans Investment Conference. Though the company’s gold deposits in Nevada currently look “rather inconsequential,” the author notes that they have grown steadily, and have potential to keep doing so.
In an article for Mineweb, Kip Keen took a look at Trimetals Mining (TSX:TMI.B)at Brien Lundin’s New Orleans Investment Conference. Though the company’s gold deposits in Nevada currently look “rather inconsequential,” the author notes that they have grown steadily, and have potential to keep doing so.
As quoted in the publication:
Resources grew consistently from about 200,000 ounces gold equivalent, inferred, in 2012 to 400,000 ounces gold equivalent in 2013 and then to 750,000 ounces gold in 2014.
(This equivalency assumes a very outdated 57:1 gold/silver ratio which is now closer to 70:1.)
Interestingly the resource growth comes from circumscribed areas of the property.
Trimetals has been limited in permitting, until recently, to near-deposit drilling. However its plan of operations for more exploration was recently approved and that opens up a number of other targets to explore – and possibly discover more ounces.