Balkan (ASX:BMM) makes Patriotic move at Corvette North
February 6, 2023Balkan Mining and Minerals Managing Director Ross Cotton and Director elect Karl Simich are heading to Quebec to plan for an exciting exploration of its 100% owned Corvette North and Corvette Northwest lithium-bearing properties next door to Patriot Battery Metals’ now famous Corvette discovery in Quebec, Canada.
The recently staked ~22km2 Corvette North and Corvette Northwest is known to host spodumene-bearing pegmatites, laying just 10km to 15km from Patriot’s Corvette project, which has recently announced exciting lithium results, including 156.9m at 2.12% Li2O1 and 159.7m at 1.65% Li2O2.
Mr Simich (to be voted upon by shareholders on February 13, 2023) and Mr Cotton will be on the ground in late February with Balkan Mining’s geological team to finalise plans for the upcoming work programs.
Mr Simich has 36 years of experience with publicly listed mining and exploration companies on the ASX, TSX and LSE, most recently as the founder, Managing Director and CEO of Sandfire Resources (ASX: SFR) between 2006 and September 2022
During this time, he guided Sandfire through the discovery, financing, development and successful 10-year operation of the highly profitable DeGrussa Copper Operations in Western Australia.
He oversaw the implementation of Sandfire’s international expansion strategy to become a globally significant copper miner, including the US$1.865 billion acquisition of MATSA copper operations in Spain.
At the end of his tenure, Sandfire had mining operations and development projects spanning three continents.
Price Action
Balkan Mining and Minerals (ASX:BMM) shares are 44.5c before today’s Market Open.
Fundamental Data
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