whetstone minerals ltd (WMI) Snapshot

Whetstone Minerals, Ltd. filed its Annual on Apr 25, 2013 for the period ending Dec 31, 2012. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Whetstone Minerals Ltd. reported results from its preliminary scout drilling program completed at the Bembesi Goldfields project in Zimbabwe during the last half of 2012. The purpose of the scout drilling program was to test several targets selected for their potential of hosting large, bulk mineable gold mineralization located astride regional shear zones in the Bubi Greenstone Belt, Matabeleland North, Zimbabwe. Drilling was planned to test for sulphide-related gold mineralization beneath historic open pit workings at the Company's 100% owned Mabel's Luck, Tiberius, W&B and Durban claims groups. A total of 1,200 metres were drilled from nine diamond drill holes during the second half of 2012. One hole (MLKDD001) failed to reach its targeted depth due to bad ground and four holes did not show any significant intersections. Hole MLKDD002 at Mabel's Luck intersected three zones of mineralization, including 3.3 g/t over 19 metres drill width (16 metres true width). Hole DURDD001 at Durban intersected a zone of 1.4g/t over 12 metres drill width (11 metres true width). Planned follow up drill at Mabel's Luck and Durban is designed to test the lateral, down-dip and down-plunge continuity of the intersected zones. Drill core from both Mabel's Luck and Durban displays multiple veining, brecciation, alteration and varying combinations of pyrite-arsenopyrite sulphide mineralization. This is indicative of extensive hydrothermal and structural activity associated with the regional shear zones on the Bubi Greenstone Belt.

Whetstone Minerals, Ltd., Special/Extraordinary Shareholders Meeting, Dec 06, 2012.