Great Acquisition! Kudos to management for the recently announced Red Lake acquisition.
To be able to pick up such quality properties (with high, bonanza type historic grades) in such a hotbed of exploration and mining is a testament to management. Golden Sidewalk (love the name) as mentioned in the recent nr, has produced past drill intersections up to 73 g/t gold (2.35 ozs) over 2.4 m, as well as grab samples up to 3742 g/t gold (109 ozs)...and no, I didn’t leave out a decimal there! A second horizon to the Joe Vein that produced the above results assayed 46 g/t (1.34 ozs) over 1.7 m.
The Skinner claims produced past assays in grabs up to 73 g/t gold and 182 g/t gold.
It’s worth noting that past sampling of Golden Sidewalk and Skinner produced 3 grab samples over 3000 g/t gold (96 ozs/t)...over 3 kg /t , 14 samples between 50 g/t - 100 g/t gold, 6 ranging 20g/t - 50 g/t gold and 8 samples in the 10 g/t - 20 g/t gold range.
Given the high grades encountered in the past, there’s no reason to believe that PGX won’t have similar success generating significant results moving forward. Producing such results will undoubtedly have a significant impact on the sp moving forward as more investors become aware of this little gem of a company and further increase speculation and price appreciation as exploration progresses.