CEO.ca post from goldhunter Good post below from CEO.ca on today PR. All FY 2020 have been released now and we have the first two of the 27 holes drilled or in process thus far in 2021. Long way to go as we have drilled about only 14K metres of the 40K FY 2021 program.
@Ggoldhunter_ceo.ca Results from 4 holes, 2 from last year 2020, with hole 2012 terminated after 2 attempts due to ground conditions....they will try again, and 2 from 2021 are quite good. Some observations: (a) the mineraliztion boundary beyond the Dolphin intrusion is extended NW from the Tolovana Vein by bout 50m, bsed on the results of 2108 (1.4gpt/296m, or 414gpt-m). hole 2018 shows lower grade but the intercept is quite rspectable, 0.59gpt/350m, or 206gpt-m (which is quite economical for OP opertion. We will need to wait for the results of 2111, 2115 and 2122 (and the rest of the holes on the north end) to determine the length/extend of this additional area which be s large as 150m x 700m; (b) As an example, an area 50m x 400m x 300m deep x 2.7 x 1gpt/31 would yield an extra 0.5MozAu; (c) Hole 2101 is excellent at 1.11gpt/421m, or 467gpt-m, noting that this hole is 200m east of the star hole 2001 (2.94gpt/257m, or 755gpt-m), noting also further east holes 2014 and 2017 show good grades with long intercepts.Take all this into account the additional RE could be increased by lot more...see Figures 2 and 3 of the NR which show most of the Interpreted Mineralized Zone staying outside the Existing RE Outline. Note that the average grade for the Dolphin intrusive is ~0.69gpt while the new CVS would be expected to average over 1gpt with very high-grade intercepts (e.g., 588gpt/1.7m for 2017) at relative shallow depth (not too far from the current pit bottom, if they extend the pit to round 400m like what they are doing at Fort Knox, the high grades would be within reach. Bet that the next PEA would have a deeper pit to include the high grades in the new CVS. Too bad that the good news was dampened somewhat by a drop in PoG. Hope that the SP will bounce back when PoG goes back up. oldhunter_ceo.ca Results from 4 holes, 2 from last year 2020, with hole 2012 terminated after 2 attempts due to ground conditions....they will try again, and 2 from 2021 are quite good. Some observations: (a) the mineraliztion boundary beyond the Dolphin intrusion is extended NW from the Tolovana Vein by bout 50m, bsed on the results of 2108 (1.4gpt/296m, or 414gpt-m). hole 2018 shows lower grade but the intercept is quite rspectable, 0.59gpt/350m, or 206gpt-m (which is quite economical for OP opertion. We will need to wait for the results of 2111, 2115 and 2122 (and the rest of the holes on the north end) to determine the length/extend of this additional area which be s large as 150m x 700m; (b) As an example, an area 50m x 400m x 300m deep x 2.7 x 1gpt/31 would yield an extra 0.5MozAu; (c) Hole 2101 is excellent at 1.11gpt/421m, or 467gpt-m, noting that this hole is 200m east of the star hole 2001 (2.94gpt/257m, or 755gpt-m), noting also further east holes 2014 and 2017 show good grades with long intercepts.Take all this into account the additional RE could be increased by lot more...see Figures 2 and 3 of the NR which show most of the Interpreted Mineralized Zone staying outside the Existing RE Outline. Note that the average grade for the Dolphin intrusive is ~0.69gpt while the new CVS would be expected to average over 1gpt with very high-grade intercepts (e.g., 588gpt/1.7m for 2017) at relative shallow depth (not too far from the current pit bottom, if they extend the pit to round 400m like what they are doing at Fort Knox, the high grades would be within reach. Bet that the next PEA would have a deeper pit to include the high grades in the new CVS. Too bad that the good news was dampened somewhat by a drop in PoG. Hope that the SP will bounce back when PoG goes back up.