The Company has completed various surface exploration programs in 2022 and is awaiting assay results, which suggests that the exploration efforts have been successful.
No endangered flora or fauna have been documented over the Property, which is good news for the environment and helps to mitigate potential future regulatory challenges.
The results of the bathymetric survey show that the shallow glacial lake overlying a portion of the mineralized body is typically less than 10 meters deep, making it suitable for mine infrastructure.
The preliminary metallurgical testing results indicate potential for a DMS (dense media separation) only operation to be applicable to the project, which could simplify the mining process and reduce costs.
The geochemical characterization program has not outlined any significant issues, which suggests that the waste rock and other materials do not pose a significant risk to the environment.
The Company intends to continue drilling the pegmatites of the Corvette Property, focused on the CV5 Pegmatite and adjacent secondary lenses, which shows the company's commitment to further development of the property.
An initial mineral resource estimate is anticipated to be completed for the CV5 Pegmatite in H1 2023, which could provide valuable information for future mining operations and help to determine the full potential of the property.
PMT Price at posting:
$1.71 Sentiment: Buy Disclosure: Held
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