Stretchum, I feel things maybe more advanced than we think. News was due sometime ago on the Diatomite. I would presume that the prospective JV partner has processing facilities close by. I am not a geologist or mining expert but I would imagine that any JV partner would want to satisfy themselves that the grades are economic etc.... hence the lack of news.
The 1st of June RNS tells you all you need to know about the potential of the drilling program just announced which has been revised to target the Chihuahua Vein System exclusively …… confirmation of the high grades already found will hopefully see a decent uplift in SP
For me it’s still a pure punt but from this market cap it’s well worth a bit of “punt” money.
“Chihuahua Vein now known to carry high grade silver over sampling length of 470m. The vein remains open to the north and south.”
“Drill plan being revised to focus exclusively on Chihuahua Vein System.”
"These are outstanding results. The records of production from this mine are scant but we assume it was very high grade. The confirmation of bedded style mineralisation containing bonanza silver grades, and previously sampled at surface, presents an exciting additional target with excellent tonnage potential."
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