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.
Sienna Gold Inc. announce on Tuesday that it has completed the current drill program at Callanquitas on the Igor project, La Libertad, Peru. This consisted of eight diamond drill holes for a total of 4236.9 meters (m).
The last two drill holes, CA-10-7 and CA-11-08, were drilled to 520.2 and 512.5 m respectively. Three mineralized structures were cut in each. CA-11-8 returned the most significant results: 35.05 m with an average grade of 1.609 grams/tonne (g/t) gold and 243.1 g/t silver; including 3.85 m with an average grade of 13.139 g/t gold and 2112.7 g/t (2.1 kg/t) silver. This intersection also included a 1.4 m long sample with 30.7 g/t gold and 5720 g/t (5.7 kg) silver. All the structures were heavily oxidized.
