Kaiser Bottom Fish OnlineFree trialNew StuffHow It WorksContact UsTerms of UseHome
Specializing in Canadian Stocks
SearchAdvanced Search
Welcome Guest User   (more...)
 Fri Sep 24, 1999
Excerpt from KBFR July-August 1999
    Publisher: Kaiser Research Online
    Author: Copyright 1999 John A Kaiser

 Excerpt from KBFR July-August 1999

Altoro: PGM potential in Latin America

Ross Beaty's Altoro Gold Corp (ATG-V: $0.30) is getting serious about PGM exploration. Including the Birch Lake play in Minnesota, Altoro now has three PGM plays. The most important is Pedra Branca in Brazil. Altoro owns part of this package 100% and has optioned 70% of the rest from Eldorado Gold for US $2 million exploration over three years. A trenching program is underway on known PGM bearing outcrops within an ultramafic complex in which PGM mineralization has been traced over a 40 km strike length, most of which Altoro controls. Altoro will follow with 2,000 metres of drilling on the Trapia 1 West and Esbarro zones to confirm previous drill intersections pulled by Gencor and Rio Tinto respectively. The palladium to platinum ratio is about 3:1. Past operators never thought about the project in terms of platinum and palladium price parity. Altoro also controls the Rincon del Tigre PGM bearing ultramafic complex in Bolivia on which Rio Tinto had encountered PGM mineralization through regional scale drill spacing. Rio Tinto was looking for an open pittable resource of 2 g/t platinum, but found that the platinum ran only 0.5 g/t while lower priced palladium ran 1-2 g/t. Funding is coming from a private placement of 3,434,783 units at $0.23 taken down by insiders after they crossed a block of 3 million shares. The game is on. Altoro is a top priority buy. Tel: (604) 718-9079.
 
 

You can return to the Top of this page


Copyright © 2024 Kaiser Research Online, All Rights Reserved