Planet Exploration

7 posts / 0 new
Last post
infinite_easing
infinite_easing's picture
Offline
Joined: 06/14/2011
Hat Tips: 1691
Posts: 129
Planet Exploration

I have not seen a reference to Planet Explorations here so I am flagging this explorer. Listed ont eh Vancouver exchange (PXI.V), this little player is described as "a Canadian mineral exploration company focused on exploration for high development potential gold resources. The Planet/Goldcorp joint venture owns 100% of the Sidace Lake property in the Red Lake gold district of Ontario, 60% Goldcorp and 40% Planet. The Sidace Lake property has an NI 43-101 compliant Indicated and Inferred resource of 360,000 ounces of gold.

Planet has an option to earn up to 100% interest in the Golden Loon property through its option agreement with Tilava Mining Corporation, a private company. The property is located eight kilometres west of the town of Little Fort, British Columbia, and hosts two multi-kilometre gold in soil and bedrock anomalies and a large Ni-Co-PGE target with over 7 kilometres of strike. Paved highways and rail lines are less than 2 kilometres from the property, which is serviced by a power line and is road-accessible."

Would be interested in views on this one.

Edited by admin on 11/08/2014 - 06:08
infinite_easing
infinite_easing's picture
Offline
Joined: 06/14/2011
Hat Tips: 1691
Posts: 129
Phase 1 Drill results

Phase 1 diamond drilling at the Golden Loon property near Kamloops, southern British Columbia. 16 drill holes totaling 2400 metres were completed. Assays have been received for the first six drill holes. Drilling tested a shallow-dipping, from-surface gold mineralized system that underlies a 1.5 kilometre by 1 kilometre gold-in-soil and bedrock anomaly. New results increase the down-dip extent of the gold zone, which remains open at depth and along strike. Assay results are summarized in the table below:

----------------------------------------------------
|Drill Hole|From (m)|To (m)|Interval (m)|Gold (g/t)|
|--------------------------------------------------|
|GL-11-003 |46.9 |57.8 |11.0 |0.98 |
|--------------------------------------------------|
|including |54.0 |55.9 |1.9 |2.91 |
|--------------------------------------------------|
|GL-11-004 |31.7 |45.5 |13.8 |2.44 |
|--------------------------------------------------|
|including |36.0 |42.8 |6.86 |3.70 |
|--------------------------------------------------|
|GL-11-005 |50.6 |60.1 |9.6 |0.97 |
|--------------------------------------------------|
|including |50.6 |53.9 |3.3 |2.06 |
|--------------------------------------------------|
|GL-11-006 |22.2 |52.4 |30.2 |1.17 |
|--------------------------------------------------|
|including |34.2 |49.3 |15.1 |2.06 |
----------------------------------------------------
infinite_easing
infinite_easing's picture
Offline
Joined: 06/14/2011
Hat Tips: 1691
Posts: 129
looks like it is starting to

looks like it is starting to reverse direction....

Planet Exploration Inc. (TSXV : V.PXI)getChart.go?webmasterId=101442&chtype=li

infinite_easing
infinite_easing's picture
Offline
Joined: 06/14/2011
Hat Tips: 1691
Posts: 129
Large
Large Nickel-Cobalt-Silver-Platinum Mineralized Intrusion Returns Positive Drill Results at Golden Loon
 
March 22, 2012 - Vancouver, B.C. Planet Exploration Inc. ("Planet" or the "Company") (TSX-V: PXI) is pleased to announce positive Phase 1 drill results from the large nickel, cobalt, silver and platinum mineralized ultramafic intrusion that forms the core of the Golden Loon property. The intrusion comprises an exploration target of close to a billion tonnes, as described in detail below. SRK Consulting Inc. of Vancouver has been retained to design a definition drill program to be completed in 2012, and to supervise advanced metallurgical tests of this target.
 
 
infinite_easing
infinite_easing's picture
Offline
Joined: 06/14/2011
Hat Tips: 1691
Posts: 129
December 2, 2011: closed at

December 2, 2011: closed at 0.155 on 53,000 volume. Closed today at 0.29 on 76,541. Still well off 52 week high of 0.395, but an encouraging move over one quarter. No news driver.

infinite_easing
infinite_easing's picture
Offline
Joined: 06/14/2011
Hat Tips: 1691
Posts: 129
Golden Loon

Drill results from the first of thirty gold targets at the Golden Loon project near Kamloops, southern British Columbia were reported April 5. 

The results have had virtually no impact on the share price; it closed at C$ 0.21 May 3. Technical indicators are only giving weak signals. Further and more positive drill results appear needed to warrant a sustained move higher.

Sixteen additional drill holes were completed to define zone geometry adjacent to the main mineralized intercepts reported during Phase 1 drilling, which included 30.2 m of 1.17 g/t gold in drill hole GL-11-006 and 39.4 m of 1.05 g/t gold in drill hole GL-11-012. Results include:

1) Confirmation of large "cigar-like" mineralized bodies within property-scale silicified and mineralized structures

2) Zone 1 "cigar-like" body consists of 750 metres strike of silicification with gold and silver mineralization, which remains open to expansion, including

3) Visible gold-silver alloy (electrum) up to 1 mm in diameter within massive sulfide veining, and

4) Stacked, mineralized silicified zones ranging from less than 10 to 70 metres in approximate true thickness, occurring in parallel sets.

The Company plans to expand the drill program to include an additional track-mounted drill rig capable of completing two to three 50 to 100 metre drill holes per day, in order to rapidly test approximately thirty gold-in-soil targets across 10 kilometres of strike. Gold mineralized zones that are confirmed in the near surface will be followed up with deeper drilling using the drill rig that is already on site. Expanded drilling is expected to begin shortly. All gold-in-soil targets tested to date have been underlain by gold-in-bedrock mineralization

Full details at http://www.planetexploration.net/file/12-04-05_PXI_Loon_Gold_Phase_2_Results_2_FINAL[1].pdf

infinite_easing
infinite_easing's picture
Offline
Joined: 06/14/2011
Hat Tips: 1691
Posts: 129
Just ran across this

Just ran across this article that interviews Chris Taylor, President Planet Exploration -- it is not bias free, and I cannot find a date to anchor it. Nonetheless, it is the only interview I have found with a principal of the company. 

http://aheadoftheherd.com/Newsletter/2012/Ahead-of-The-Herd-With-Planet-Mining-Exploration.htm

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Topic locked
Syndicate contentComments for "Planet Exploration "