Tiidal Gaming Group Corp V.GTA

RE: RE: Phase 4

[prospector24]

It is unlikely that initial results from a Phase 4 drill program would be out in time for the start of the PDAC on March 3rd.  It takes 4-6 weeks for assays and they haven't started drilling yet.  While future holes (if good) will help the share price, I don't believe that investors will begin hoarding this stock until a 43-101 resource is available.  That resource should become available after the Phase 4 round of drilling (possibly mid-late summer).  If they can firm up the 450 meter strike to a depth of 390 meters with a pay zone averaging 50 meters wide, they should be able to attain a resource of 40M tonnes +/- 1.0 g/t gold.  Using a SG of 5, that would approximate to roughly 1.2 M ounces.  If they can deliver a resource like that this summer, they are going to catch the eye of a mid-size or major producer looking for more mill feed.