Excerpt from last NR with 43-101 result very soonQuote from NR.
The Company also anticipates that the review of its geological models and the completion of the compilation of historical data of the entire Galloway property by ALS Goldspot will finally be completed by the end of the month.
An initial NI 43-101 resource estimate is now in the final stages of preparation for three of the mineralized zones: Hendricks, Morriss, and GP.
Jean Rainville, President and CEO, stated: "This is an exciting time. As previously mentioned, the potential of the RB Zone is very promising, as evidenced by the recent drill results announced in the Company's press release dated January 31, 2023 and we are awaiting the results of the four holes drilled in January. We also look forward to reviewing the results of the ongoing compilation of the parts of the property that have received very little attention from us to date. We are very enthusiastic with all those upcoming results, studies, and compilations that should support our geological models on the larger Galloway property."
Looking at the three zones
Hendrick has 18 holes averaging over 210 meters each of approximately 1 GPT. The Investor presentation speaks of only 5 holes over 700 meters. If there are in fact 18 according to the NR on April 12, 2022 with an average of in my calculation is 210 meters each and my guesstimate for Hendrick alone is over 1 million oz.
GP has a historical 43-101 of 240,000 oz.Au with 28 historical holes drilled add 6 more at current average adds another 40,000 oz Au
Moriss zone according to a historical interview has 125,000 oz Au with 24 holes drilled and 8 new holes at current averahe adds another 41,660 oz Au.
The 43-101 will present a big surprise to the upside in my opinion.