Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: From Stockwatch... GLTA! (Oups...Last paragraph missing)
7
Mar 20, 2016 11:19AM

Mr. Smeenk did muse about completing such a test, first with KWG and later with Debut, but his backers balked at the plan. Getting a diamond value for a low-grade pipe is usually costly; even De Beers waited a decade between completing a mini-bulk test of Victor and collecting a large bulk sample. Chuck Fipke'sMetalex Ventures Ltd. (MTX: $0.07) estimated that such a test of its similarly low-grade U2 pipe, about 60 kilometres west of Victor and MacFadyen, could cost about $20-million or more. As a result, even the indefatigable Mr. Smeenk now appears weary of the project.

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