Updated Resource Estimate: To be released end Feb 2023The company has a 43-101 resource estimate of 240,000 ounces of gold (indicated) and 30,000 (inferred) from 2011.
The company completed 30,000 meters of drilling in 2020, 2021 and 2022.
New resource estimate will be over 1 million ounces of gold in the indicated column.
The reason I say this is that the company bought out the vendors right to receive $ 500,000 on the 1st 500,000 ounces of gold in a 43-101 report and, another $ 500,000 on the next 500,000 ounces of gold. This was done in August 2022.
Then on January 30, 2023, the company bought out the vendors 10% portion of Galloway so that the company owns 100% of the land. A day later the company announces its best gold results, which it wants to incorporate in the 43-101.
I think that the RB section will be very lucrative. Hitting gold over 225 meters is awesome at grades of over 1% is very excellent. Next 4 holes will repeat of be better.
The 43-101 and next 4 holes will unleash the stock on a MASSIVE RALLY.
Forget the noise on the stock price, focus on the fact that this project is becoming SUCCESSFUL. They will have millions of ounces of gold when all is said and done.