Paladin’s Fission Uranium takeover delayed by Canada security review
The takeover has faced several hurdles, including a delayed shareholder vote in August and opposition from Fission’s largest investor.
M3 Metals (TSXV: MT) has mobilized crews to the field on the Mohave Mine Gold Project in Arizona for a preliminary work program. The purpose of the program is to confirm historic geological mapping and sampling and to prioritize drill targets for the planned drilling program currently being permitted.
In a press release, the Vancouver-based miner said the program will focus on previously untested areas identifying the structural controls and extent of gold mineralization which was the focus of historic mining in the early 1900’s.
Little documentation exists regarding the extent of the historic underground mining especially within the Dixie area. The company says, however, that mapping by the previous owner shows the historic mining focused on individual veins and did not target the broader potentially lower grade mineralization that could possibly be amenable to heap leaching.
