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November
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- News Update - November 30, 2011
- Jr's went up 300-400% from depression levels in ea...
- November 29, 2011 Edition of the Stateside Report
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- Excalibur receives permit to go into production!
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November
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2 comments:
I have just read through the Banks Island Gold Ltd. (BOZ) corporate presentation from October 2011. What caught my eye was that BOZ has an option with Imperial Metals Corporation (III) on the Banks Island property.
Imperial Metals Corporation is a mid-tier copper, gold, silver, and molybdenum producing company that is located in British Columbia. The company has been in continuous operation since the 1960s. According to the III website the company's production figures for 2010 are 57 million lbs. copper, 48,369 ounces gold, and 318,951 ounces silver.
Now the interesting bit is that III is forecasting lower production in 2011 for all of these metals. If the Banks Island gold project is successful, BOZ might be an acquisition target for III.
The Imeperial Metals Corporation website is here:
http://www.imperialmetals.com/s/Home.asp
I just wanted to add that Imperial Metals Corporation is an interesting company in its own right. They settled a legal dispute with American Bullion in June 2011 over the Red Chris property in B.C. The company now has 100% ownership of the property.
III completed a drill program on the Red Chris property with 45 diamond drill holes and 49,760 meters of drilling. I have put a few highlights of the drill program down from the III October 31, 2011 news release. Also the company did a share buy back in September 2011 of approximately 4% of the company's outstanding shares.
"Results include intervals of high-grade such as the 216.9 metre section in drill hole RC10-423 grading 1.15% copper and 2.44 g/t gold, and further long intercepts of continuous mineralization such as drill hole RC11-431 with 1,077.5 metres grading 0.44% copper and 0.29 g/t gold. Results indicate the mineralization is still open to the east and west, and holds potential for further expansion to the north and south in parts of the porphyry system."
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