Post by
deepoil0808 on Aug 28, 2023 8:22am
250 pegmatities in James Bay / 100 of them at Plex
BRW strategy has worked beautifully in a very cost effective and efficient way.
BRW has always stated that the discovery rate would be 2%, meaning that 98% of their pegamatites would have been discarded. It is part of the process. BRW worked the odds in our favor to find the most lucrative areas.
Their XRF gun has worked very well. Without it we would have been drilling in barren land. It has also allowed them to re-orient themselves to where the goods are located, in a very hot area, which is James Bay. The $ 13 million war chest is being used properly.
BRW has 250 pegmatities in James Bay, of which 100 of them are in Plex. They staked many pegamatites in stike lengths of 500 meters. A 2% discovery yields 4 to 5 discoveries, however I believe that it will be higher than 2% discovery because BRW has narrowed down to the most lucrative pegmatities from the speculative ones.
In Mirage we are talking of 3km in strike, which possibly extends to 12km. This is just huge and is 3X the corvette property.
I expect very bullish news in the next few weeks on the 12km stretch in Mirage. I expect them to announce that they have found many other significant boulders and pegamatities.
Plex will also be a MONSTER in the making with 100 pegmatities, along with Antacau Main and West. That will give us 4 discoveries (Mirage, Plex, Antacau Main and Antacau West).
Good Luck,