At the very last minute, and just in the nick of time, it very much looks like CNJ just
might have stumbled onto a
potentially major high-grade Silver/Lead deposit at their 100% owned Pingo Dal prospect (Dingo Pal?), which is located approximately 40 km to the south of Blyklippen.
Having said this, the Pingo Dal prospect is yet to be explored by CNJ.
Although it is very very early days, IMHO, the Pingo Dal prospect looks like it could well be a life saver for CNJ's entire Greenland project (as well as for long suffering investors).
I base this assumption purely on the information contained in the table (APPENDIX 8: HISTORIC PINGO DAL ROCK CHIP SAMPLES), which can be found on page 24 of yesterday's announcement (see below).
As can see in this table (in the third last column), almost all of the Silver (Ag) grades are higher than 200 g/t (the Silver mines' average in 2020 was 125 g/t). In the last column, you will see the Lead (Pb) percentages, which range from the low 40's to over 70% (!).
APPENDIX 8: HISTORIC PINGO DAL ROCK CHIP SAMPLES (page 24)https://hotcopper.com.au/attachments/image-png.4985032/?temp_hash=d8fc5fab3c949038e4021fe76600cf58" target="_blank" rel="noreferrer noopener">
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The above samples were collected and reported upon by Nordisk Mineselskab A/S, who conducted two expeditions to south-east Greenland (in the early 70's and early 80's).
Although these above results are only rock chip samples, they are clearly very impressive (IMHO).
Should future assay results from early drilling by CNJ confirm these very high Silver and Lead grades, IMHO, this would be a game changer for CNJ in Greenland. Therefore, and IMHO, I believe that CNJ should conduct a drilling program at their Pingo Dal prospect as a top priority this coming exploration/drilling season.
Having said this, I am hopeful that CNJ will JV their entire Greenland project for 2023 and 2024 with an experienced and far better funded major exploration and/or mining company (out of Canada?), where CNJ would retain a 25% interest and thus be "free-carry", thus allowing them to concentrate all of their personnel and capital resources on their 50% owned MTJV Project in Norseman WA, which remains, without doubt, a potentially major PGE/Nickel etc. discovery in the making. Apart from the simple fact, that due to its location in Norseman WA, it is without doubt a far simpler task (and with an existing world-class infrastructure set up already in place and very nearby!).
I am sure will be hearing a lot more about the MTJV over the coming days, weeks and months.
Wishing you all a successful, happy, healthy and profitable 2023.
PS: Invest responsibly!
PPS: This post is my opinion only, and should not be considered to be investment advice!
(20min delay)