Post by
Robizounskin on Feb 21, 2024 12:05pm
Keys points from the last MRE news:
All very good to me, with that we should go back to a fair market value soon.
The test work completed to date has indicated that there are no deleterious elements of concern in processing the Treaty Creek material or selling concentrates.
The next phase of metallurgical test work will build upon the results that have already been achieved with a program that will provide information to be used in a Preliminary Economic Assessment.
The higher gold-equivalent grades in the Inferred category strongly suggests that we have not yet passed through the strongest portion of the Goldstorm mineralized system.
We hope that the 2024 drill program can give us clear information about the configuration and boundaries of the Deposit, as it remains open in all directions and at depth.
Our Goldstorm system has continued to expand, as has our understanding of the minable potential, as we continue to advance the project towards a PEA.
Substantially reduced the pit size which eliminated the necessity to remove the glacier and reduced the strip ratio.
Table 1: Summary of Indicated and Inferred Mineral Resources as of February 20, 20241-6, is referring to the Mine area.
Also, this MRE does not include the new SC-1 which will have a major impact as well;
We are extremely pleased to announce that we have delineated a high-grade gold system associated with a quartz-dominant veinlet and stringer stockwork system, named Supercell One (SC-1). This represents a significant economic target within the CS-600 domain. Our current Mineral Resource Estimate (MRE) caps gold equivalent (AuEQ) grades at 8.0 g/t AuEQ and therefore does not include these higher grades.