RE: RE: RE: RE: Assays? I was told that the 80-100 cores were all going to be in the 2nd 101.
I was also told that some of the last PP $ was ear marked to send these cores to the lab. I assume then that the 20 cores reported in December were NOT part of the 80-100 cores [my assumption}
Because of the large amount of infill drilling, a large % in the 1st 101 will be in the higher catagories. This is what they are most interested in as they can monetize this amount {North of $5.00 / oz} providing additional drilling revenue without dilution
Also I was told that they thought some of the historic holes would likely be redone & added into the 2nd 101 as well. It seems that this was up to SGS to make that call though
My belief is that the 1st 101 will be "only adequate" The 2nd one [Frank has stated 2 months after the 1st} but I see Roger has told someone 3 months. This one Frank believes will be MUCH larger that the 1st
The real big money IMHO will be the 3rd 101 [after drilling the North] where indications of a very good High Grade & new intersection was found @ depth
Depth is where the real money will likely be here. This is what I am here long term for.
Frank has always stated that this property will have a minimum of 2 mines, 1 open pit & 1 underground
Osisko did not take off until their 3rd 40-101 but we have the benefit of SURFACE gold which IMHO will provide us, through milling the money needed for the extensive infill, & deeper drilling programs
This is a very large & time consuming project, but will greatly reward the longs with patience in the end