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.
Kootenay Silver (TSXV: KTN) has signed a contract with Tlasa Obras Mineras to rehabilitate the historic underground workings on the F vein at the Columba silver project in Chihuahua, Mexico.
Clearing and timbering an adit is already underway to reach the main shaft and a secondary inclined shaft so that dewatering can begin. Once access to the F vein is secured, detailed mapping and sampling will begin so that accurate modelling and resource work can begin, the company said.
Kootenay said there are no historic data available on the F vein and no way of knowing the condition of the workings or whether there were any collapses. The work is expected to take about four months.
Other veins at Columba are being drilled as part of a 5,000-metre program.
(This article first appeared in the Canadian Mining Journal)
