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West Oak Gold Corp. ( (TSE:SI) ) has shared an announcement.
Silicon Metals Corp. announced preliminary 3D modelling results for its Ptarmigan Project, revealing an estimated five million cubic metres of high-purity quartzite material. The findings are based on LiDAR data and geological mapping, though further exploration is needed to confirm a mineral resource. The company has also completed preliminary lab scale processing to assess the purity of the quartzite, with results pending. This development could enhance Silicon Metals’ position in the high-purity quartz market, potentially impacting stakeholders positively if further exploration confirms the resource.
More about West Oak Gold Corp.
Silicon Metals Corp. is focused on exploration and development in Canada, particularly in British Columbia and Ontario. The company operates the Maple Birch Project, a high purity quartz pegmatite project near Sudbury, Ontario, with a production permit for 3,000 tonnes per year.
Average Trading Volume: 87,640
Technical Sentiment Signal: Sell
Current Market Cap: C$1.55M
See more insights into SI stock on TipRanks’ Stock Analysis page.