This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Whetstone Minerals reduces short-term spending 2009-07-21 08:44 ET - News Release Mr. Paul Nagerl reports WHETSTONE PROVIDES STRATEGIC UPDATE
Whetstone Minerals Inc.
has provided an update of its exploration strategy.
Whetstone management is taking important steps pro-actively to respond to
market challenges currently experienced across the entire mineral exploration
sector. To ensure Whetstone's long-term success, short-term spending has been
reduced while the company's key properties and complete exploration team have been
maintained.
Paul Nagerl, president and chief executive officer, has also been working closely with Allan
Dolan and the Clarity Minerals team to identify new, more advanced projects in
Africa where the Clarity connection gives Whetstone a competitive advantage.
In the first half of 2009, Whetstone consolidated its North American land
position by seeking farm-out opportunities and relinquishing non-prospective
ground.
Key projects within the broad portfolio include the Wampum gold,
Bluffpoint gold and Off Lake gold projects in Ontario. The Wampum gold
prospect is strategically located along the Cameron Lake-Victor Island gold-bearing shear zone where diamond drilling completed by Whetstone intersected
widths of up to 6.34 metres containing 2.12 grams per tonne Au (hole WL07-06). At the
Bluffpoint gold project, Whetstone intersected up to 13.46 metres containing
2.90 grams per tonne Au (hole BP07-09).
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