Proto Resources (ASX:PRW) will shortly commence two separate drill programs at their 50% owned Mt. Vetters project in Western Australia. A Reverse Circulation program will target nickel mineralization approximately 5km south of the Black Swan and Silver Swan nickel mines. An air core drill program will simultaneously test some priority areas for gold mineralization to follow up on earlier results which included 4 meters at 1g/t gold.
Mt. Vetters could be a very exciting project, but we can only emphasize the importance of spending the money wisely and as efficient as possible, and delaying large exploration costs until Proto has reached the production stage at its Tasmanian Barnes Hill project. As we’re expecting the company to start iron ore production there by the end of this year, the cash flow from the sale of the iron ore could be spent on their other exploration projects.
Download the press release here
Disclosure: Proto Resources & Investements Ltd. is a sponsoring company. Please see our disclaimer for current positions.
