Posts

Heenan Mallard and Dorothy Project Overview

  Heenan Mallard and Dorothy Project Overview Heenan Mallard is located on the Ridout Deformation Zone bordering Iamgold’s Côté Gold claim package and is approximately 25 km west of the soon to be producing Côté Gold mine (see map). Historical drilling completed by Noranda (Corstorphine 1985, Assessment File 41009NW003 63.5188) on Mallard’s River and Camp zones led to an initial discovery (14 holes only) and it is Goldco’s intention to drill follow up on those results. The property is located on a large magnetic anomaly associated with the Woman Lake Iron formation and other magnetic lithologies on the SE corner of the Swayze greenstone belt. The “Swayze magnetic anomaly” shows signs of hydrothermal alteration, which, combined with the associated gold mineralization at Heenan Mallard, makes the property a very attractive gold target.
Post a Comment
Read more

The city’s goal is to reach 90% funding

  The city’s goal is to reach 90% funding  by the mid-2050s, which will be a challenge. The Municipal Employees ’ Annuity and Benefit Fund, the city’s largest fund, recorded a funded ratio of just 22% by  the end of 2021. The ratio for police pensions was just 24%; fire was at 20.1%; and the smallest, for laborers, was 44.5% funded. Together, their unfunded liability stood at nearly $33 billion. a press conference with Mayor Lori Lightfoot to celebrate the passage of the casino deal through City Council on May 25 last year. Lightfoot has taken several steps to be proactive. Riding a wave of higher-than-expected revenues and hoping to offset pension fund investment losses in 2022, Lightfoot included a $242 million extra pension payment in her 2023 budget , pledging to advance “future pension contributions to stabilize and even decrease” liability, estimating the move would reduce future costs by nearly $3 billion.
Post a Comment
Read more