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.
The company recently acquired additional historic data relating to the Lovitt Gold Mine in Wenatchee, WA. The data includes a set of Krig diagrams generated by Asamera Minerals Inc. based on underground drilling, surface drilling and underground sampling completed by several previous operators. The Krigs were generated by Asamara during a program to define an open pit resource and utilized dimensions of 20 ft by 20 ft by 50 ft per Krig block (approximately 6 by 6 by 15 meters). The Krig diagrams (35 sections in total) indicate mineralization over a vertical distance of 500 feet (152 meters) and width of 600 feet (183 meters) including two distinct high grade blocks.
