|RIO, GOT, IAU|
Rio2 aka RIO released an update in the wake of last week's failure to approve the EIA for its Fenix gold project in northern Chile. They note that all the local authorities in the region continue to support The project, and that even the committee that failed to approve the EIA noted that they had fulfilled all the requirements. They also pointed to their healthy financial status and said they are developing a plan to fulfill the new requests for data.
The IKN newsletter devoted a lot of space to this story last weekend. I will mention a few insights. First this is the fifth in the series of recent similar decisions where the new -- and increasingly unpopular; Boric now has the lowest approval ratings of any Chilean president in many years -- government intervened to turn down permits. And second, IKN outlined how at the cost of a delay, RIO can beat the government at their own game by fulfilling requests for more info until the government finally caves. It just might work,,,
Goliath Resources aka GOT released another placeholder PR as we wait for assay results from the Surebet deposit on their Golddigger gold/silver prospect in BC's Golden Triangle. This one did have some meat, confirming that the mineralizing system has been confirmed over a 2.5 km nort-south extent and a 1.5 km east-west extent. If they assays reveal good grades when they finally arrive, this is becoming a large deposit.
I-80 Gold aka IAU released an update on exploration at Ruby Hill, one of the gold mines in Nevada they will be bringing into production over the next few years. IAU plan to develop an underground mine beneath the existing pit and so are drilling up untapped mineralization, particularly at Ruby Deeps, where stepout hole found 19.8 g/t Au over 33.2M. The remainder of the 20km drill progrmme underway at Ruby Hill will include more stepouts plus exploration drilling.
IAU also released a new presentation on Ruby Hill which can be accessed here: