Benz Mining CEO:The results we have seen have given us a high level of confidence | Summary and Q&A

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December 13, 2017
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Investing News
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Benz Mining CEO:The results we have seen have given us a high level of confidence

TL;DR

Junior mining company, Vance Mining Corp, acquired the Mills Inc project in Yukon for $2.7 million and is well-positioned for further development.

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Questions & Answers

Q: How is Vance Mining Corp positioned for further development?

Vance Mining Corp has 25 million shares outstanding and $1.9 million in cash, which provides a solid foundation for the next phase of project development.

Q: Why is Yukon an exciting place for mining?

Yukon offers a favorable mining atmosphere, government support, and increasing investments from large mining companies, making it an attractive destination for mining projects.

Q: What were the results of Vance Mining Corp's exploration program?

Vance Mining Corp's exploration program yielded positive results, with a significantly higher zinc grade than the historical data indicated. This outcome has increased confidence in the project's potential.

Q: What are Vance Mining Corp's goals for the next season?

Vance Mining Corp aims to drill 14,000 meters in the next season. This will help achieve their goal of minimizing exploration costs, securing high-grade ore, and expanding the project's resources.

Summary & Key Takeaways

  • Vance Mining Corp, a junior mining company, recently acquired the Mills Inc project in Yukon for $2.7 million.

  • The company has 25 million shares outstanding and $1.9 million in cash, making it well-positioned for further development.

  • Yukon is becoming an attractive mining destination, with government support and increased investment from large mining companies.

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