‘On August 30th we published our fourth resource estimate with 720,000 ounces of indicated gold resource and 1.633 million ounces of inferred gold.’ Philippe Cloutier tells the Stock Pulse Silver Symposium.’
‘And we’ve just embarked on a 25,000 meter Diamond Drill program with two machines set to run for over a year and the next item as well that’s ongoing is a preliminary economic assessment of the current resource estimates and the Chimo mineralization. In the last 12 months we consolidated with O3 mining a massive land position which basically surrounded or enclaved the Chimo Mine Project that got done over a five month period with the appropriate due diligence and then once that was completed, we paid O3 mining for that ground with a 17% stake in our company. Agnico Eagle who already owned an important state raised its hand and exercised its participation rate and they now own 17.7% of our company so we have ownership by Agnico Eagle, we have ownership by O3 Mining’
$ECR.V #gold #abitibi
