RE:Fantastic results - link below - must readI really liked the drill results, but they were not what the market was looking for. The market was looking for a monster hole, nothing else. But it appears to me, that some investors do not count on all the positives. The results from the 3 holes in 21 A were fantastic. Almost 13 g/t in average, over 3 x roughly 35 meters. Most important, it is my understanding that they are part of the starter pit. Therefore, they are even more important for initial payback and financing negotiations.
For the lower part, it would have been great to have more explanation from Geddes, but I assume Skeena will arrange a webcast, because the information from the lower part is remarkably interesting and could have large implications.
Grades at the lower levels were fine, but the market was hoping for noticeably bigger numbers. As Geddes explained, they are likely further away from a yet to be discovered synvolcanic feeder. In addition, the lower and EL mud stone areas appears to be clean ore, which could potentially be mixed with 21 A ore to bring it below the critical acceptance level, and therefore increase overall margins. An additional UG mine is now more likely. In addition, the drill holes support the geological concept model.
What else can you expect from the first drill holes. Now we need more drilling in the lower/EL mudstone area to get closer and closer to the source and the high-grade gold areas down there.
A big thank you to the team from Skeena, great first drill results. Keep going, please