Miss me? At Shirotnaia, auspicious drill results reveal higher-grade intercepts distributed consistently along the main structure (indicating a very large area of mineralization); and this is likely just the tip of an extensive ‘iceberg’; with gravity and magnetic surveys (of the south-eastern flank of its license) establishing that significant gold formations apparently extend throughout the entire ‘Dombraly-Shirotnaia gold trend’; in fact, with 18 new primary exploration targets identified, someday, - this one play alone could constitute a world-class mineral ‘deposit’.
- At targets stretching across the 60 km Dombraly-Shirotnaia trend, wherever exploration is transpiring, the company’s geologists are finding indications of gold; and it is simply not possible to emphasize enough just how extremely large the potential is that resides within this prolific expanse. To date, only the beginning; just a small indication of a much larger possibility.
Meanwhile, at Dombraly, where strike and dip directions remain open for a large number of lodes, it is already abundantly clear that sufficient economic mineral resources are present to justify developing it as a producing mine site; which it will someday become.
- In its NI 43-101 compliant report, it was stated that “ACA Howe and MCS (Micromine Consulting Services) believe that the exploration and resource development of Dombraly is progressing well and that there is scope to develop a potentially economically viable gold resource”.
- The operational center of the project is the partially backfilled open pit, which will make fostering an open pit operation relatively straightforward; yet exceedingly profitable.
By the way, - why has the Uzboy reserve report been delayed?
Welcome to the wild, wacky, and preposterous world of the authentically ridiculous. Turns out that ACA Howe (the geological and mining consultancy charged with preparing this eagerly awaited updated NI 43-101 resource report) suffered turnover in the team assigned to handling Alhambra’s account (several staffers were lured away to greener pastures), setting back the schedule ‘ACA Howe had committed to’; and, yes, embodying yet another lightning bolt from out of the clear blue sky (… this one entirely beyond our management’s ability to do anything about but suffer through). This slight hiccup shall pass.
What is really important, and extremely gratifying, is that Uzboy is proving to be an incredibly valuable asset; and industry and financial players are increasingly taking notice; translating into prodigious behind-the-scenes activity. Still waters run deep!
- Expect a company-building financing ‘package’ (with more than a few candidates interested in participating). It is within sight.
Mark my words, - this is how it will be, -
- First a ‘decisive’ financing
- Subsequently Uzboy will eventually produce 200,000 ounces annually (over a long mine life)
- Increasingly casting off gigantic free cash flows
- From which the open pit operation at Dombraly will be self-funded
- Simultaneously facilitating ‘accelerating’ exploration that crisscrosses the entire highly-prospective Dombraly-Shirotnaia trend
- ‘Proven’ reserves will grow steadily
- Culminating (a few years out) in a furious bidding war;
- ALH ‘taken out’ at a very high price.
To the patient go the rewards.
Believe me. Prospects have never been more exciting or tangible. So, stay tuned.
During the second half of this year, more positive developments will be forthcoming than during the entire prior five years.
Count on it.