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#CMCMetals CEO Kevin Brewer updated investors on the company’s milestones and future plans and excitedly shared, “It’s a good thing to have a diversified portfolio like CMC has, because it gives you a lot of options and opportunities.
After a successful #drillprogram producing multiple high-grade #silver-lead-zinc intersections at Silver Hart, CMC Metals (TSXV:CMB; Frankfurt:ZM5N,OTC PINK:CMCZF) filed for exploration applications for the Amy and Silverknife projects.
“Our flagship property Silver Hart is showing great potential to host some carbonate replacement deposits (CRDs) that can be anywhere from 10 to 120 million tons in size. We have a couple of targets that are right at the surface and we’ve been drilling the vein targets there. Our geochemistry and our geophysics tell us we’re in the right place,” said Brewer.
Based on a press release, the drill program at Silver Hart produced multiple high-grade silver-lead-zinc intersections in the TM West Vein including 2.3 meters of 4,910.8 gt silver equivalent. In total 2,100 meters (19 holes) of diamond drilling was completed, a majority of which focused on the TM West vein in the Main Zone. Drilling also resulted in an extension of the TM West Vein structure for 360 meters.
Brewer explained that Silver Hart’s geology revealed some good geological prospects in the southern parts extending towards Amy and Silver Lake properties. Brewer believes that Silver Hart, Amy, and Silver Lake have great carbonate replacement deposits or CRD style targets in the Ranch Area Silver District.
“We’re going to go into financing in the next couple of weeks for Silver Hart drill fund. We’re going to go after a couple of million dollars to pay for our 5,000-meter program. We’ve already got money and still need to do the work on Amy and Silver Knife. We want to take them to drill ready stage this year so we filed for permits with British Columbia. Our outlook for those projects is to take them to that drill ready stage and attract a joint venture partner who will subsequently drill those projects in 2023.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
