RE:Q4 Quarterly UpdateThis was the Update from Jan 23. I see zero enthusiasm in the pre year and post year wrap up. We are providing details of our 2023 exploration plans (see attached).
This year,
60,000 meters of drilling is planned for the Novador and Detour Quebec projects.
For the Novador Project: - There will be 38,000 meters of expansion drilling at Monique, Courvan, and Pascalis deposits. Currently, five drills are active at Monique.
- 15,000 meters of exploration drilling in Val-d’Or, with 12,500 meters at Novador, will test new and extended gold trends, starting in February.
For the Detour Quebec project: - Follow-up drilling will be conducted on highly prospective targets.
- 7,000 meters of follow-up drilling, including at the La Peltrie 2022 copper-gold-silver-molybdenum discovery, will occur in June with two drills.
Geophysics, geochemistry, and prospecting have begun in
20 new areas with high exploration potential.
Resource Updates on the Pascalis and Courvan trend deposits are progressing well and expected in the spring.
Bottom line:
The Novador project has seen outstanding success, with a developing asset of over 5 million ounces in a favorable mining jurisdiction. Despite this, we still see significant potential for growth, both in terms of resource expansion and new gold discoveries. We have over 20 new target areas, with 5 ready to drill and others being prepared. The first drills are set to begin in February, along with ongoing resource expansion. Encouraging results at Detour, including the discovery of a potential base and precious metal system and indications of gold mineralization, have further fueled our excitement. Additionally, we are making progress on new exploration targets along the Lower Detour Deformation Zone, two of which will be tested in the summer.
It promises to be a busy year for exploration drilling, and we look forward to the results.
Please don’t hesitate to reach out with your questions.
Thanks, and have a great day!
Seema