Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
ST. ANDREWS, NEW BRUNSWICK–(Marketwire – Oct. 12, 2011) – Portage Minerals Inc. (“Portage or the “Company”) (CNSX:RKX) today announced diamond drilling on its Golden Pike property (the “Golden Pike Property“) has commenced. The drill program of approximately 3,000 metres planned for17 holes, will focus on the South Trend deposit where previous drilling returned high grade gold intersections such as 43.07 g/t Au over 13.00 m, 32.26 g/t Au over 10.06 m and 8.08 g/t Au over 7.72 m. The program will consist of a mixture of step-out and exploration holes designed to expand the current mineral resource as well as test priority exploration targets along the southern and northern extension of the gold bearing structure.
