Timing for Consideration Moving Forward After the private placement closes, when all is exercised, with the current rate of drilling, two rigs defining the upper two, or more? seams and the owned (bought) new deep rig coming in late August -September putting out core to define the lower as of yet to be discovered possible bulb to this find;
This is my prediction as of yet to be determined timelines as follows:
Placement closes fully subscribed, placement is presumed to be announced very shortly.
followed by release of next four cores up...........................
and 3-4 more every other week until "Big daddy" is on site and in place, mid to late Septemberish
In between, thats 8-12 holes to find the core (bullseye), Big Daddy arrives and knows where to drill too lengthen out the 300m discovery bulb core hole, punch a hole down the sweet barrel and keep going until the mineralization stops, then start stepout fan drilling, each one offset about 30 degrees radially, first ones out half as far as the distance between hole 90 or one of the next ones, whichever one is richer and drill down to the elevation level of 50% of the discovery core bulb (richest mineralized thickness found) then step out 50 meters each time until you stop hitting mineralization, then back up by 25m where it narrows, and/or continuing out where the mineralization is still accending. The core mineralization may be more probable to be in an eliptical shape, when that happens, just adjust and follow out to the outer skin of the onion core bulb. Radially stepouts how ever far they have to go to define the ore body.
The best way to describe the shape what this system may look like if my epithermal system theory is correct is as follows;
A mineralized system all under the crust, entirely under ground, that looks like an odd shaped spanish onion, with the leaves guiding us to the trunk and down to the trunk to the core, meat (bulb) of the onion. Then drilling stepping radially out from the core of the bulb.
Drilling this way will be the most cost efficient and expedient way of defining and calculating a very accurate resource if there is one to be found of course.
If all goes well, this method and approach could define a very reliable resource by Christmas for negociation and possible buy out from a Major without any more dilution to this stock.
Lets say, 150,000,000 shares outstanding with a possible 14- ? million ounce deposit running at a possible minimum 2.8-3.3 grams per tonne (all mineralization in), in a pretty precisely defined area of a Counrty that has an execellent democratically friendly elected past, and no tax on Mining for the next several years. Time enough for a smart Major to purchase a systematically defined resource with unlimited potential, build a Mine and mine the ore for alot of years. Not to mention, depending on timing, building of the mine along with possibly the first few years of producing ore, tax free is an awfully ecomically, fiscally sound investment opportunity that any prudent Major should be very keen on investigating further for their shareholders.
Of course, only time will tell and the story of the drill bit of course, but this could all be attainable, providing prudent management decisions are made and an ore body is found and defined.
Please, all do your own DD.
The Dykman
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