My notes from AZM presentation at VID ConferenceFor those of you who did not have a chance to see the presentation from JML at the VID Conference, here are my notes:
- Elmer/ Pawton : 10 km strike, wide open for additional strike, very substantial surface with significant grade
- Drilling will be completed by end of June (15,000m)
- Objective: Advance gold resource of at least 2M ounces but not with current program. It will take another 6-12 months.
- Planning another 20,000m drilling in the fall
- "possible grade increase” ( I believe he meant better grade) and it will be confirmed with the existing drilling
- We can expect a much deeper intersect (he si very confident about a “deeper extent”)
- Elmer is comparable to Golden (450m x 1.8km) and 4.3M ounces
- Elmer is comparable to Rory’s (6M ounces)
- upside potential with the 10 new targets (Pawton is in the middle of it). May hit during this campaign. Presence of high grade gold content. Chance of new discovery are very good.
- Preparing a second phase after the 15,000m
- Will test at 500m and 800m depth
- Expect consistent news flow during the year
- Will have 3rd drilling program results until end of August (labs are very slow)
- New drilling in Sept-Oct and in the first 3 months of 2022
- Objective is to have 2M +
- they are working on another financing in the next few months
- Rex and Rex South could be world class copper deposit
- Could share (for money) Aztech technology to others
- Pikwa: 2000m, 11 holes, project is good, need to properly analyze, many interesting targets
- Rex: people on site since April, more news shortly but the focus is on Elmer
P.S. Feel free to add more comments if I missed something.
FYI