Wildcat Silver is trying to determine if the manganese in the Hermosa deposit could be technically and economically developed. There is no manganese production anywhere in the US. It is classified as a strategic and critical mineral needed for steel production.Wildcat's Greg Lucero updated the Arizona Mining Alliance yesterday about the manganese potential and plans by the Forest Service for a public meeting in Patagonia on the Hermosa silver mine project, perhaps in late August.
Wildcat's Total Measured and Indicated Resource for the Manto zone in the Hermosa project is 6.38% manganese. [Right, cross section through the Hermosa prospect, showing the manganese-bearing Manto zone below the silicification cap. Credit, Wildcat Silver]
How many times will Wildcat change their story before their investors realize the charade they are trying to pull over on them. First, the manganese was a problem to separate from the silver. then ,they found the silver only zone. Now ,they are after the manganese again , just in case the strategic minerals act will pass congress, so they can rush through the NEPA process. It seems their investors are catching on, as their stock price is down to .40. Even though they claim a couple of billion in silver reserves, according to Mr. Lucero
ReplyDeleteThey can't just "claim" silver reserves. They must retain split halves of their core plus the pulps of already tested samples as proof that they have actually drilled and tested their samples and must do many redundant, blind tests at multiple labs to check results. Silver has always been and still is their target and they have a very nice deposit of that resource that will be extremely profitable just by itself. The manganese would just be icing on the cake for the project, especially given that there is no domestic source of this important metal. You obviously have no clue what you are talking about.
ReplyDelete