Post by
mattbigham on Feb 18, 2021 9:57am
This one is for those that didn't sell
"The scale of these targets are much larger than anything that has been seen previously on the west (Keno)."
" ......what we're looking at -at Keno East- is the potential that we have an area similar to some of the biggest silver targets in the world...."
Talks Nova Gold-acquiring assets at the bottom,growing them through resource discovery.
Micro-cap explorer run by 3 exploration geologists grew them to $4 Billion ( Donlin,Galore + Ambler).
Acquired Keno Hill in 2016:
Underexplored silver district which has some of the highest historic production grades in the world.
Bermingham highlights World-Class systems discoveries today.
Our exploration model geologically says this district is very similiar to the Couer D'elane district.
Produced over 2 billion oz of silver currently mining at 3 kms depth from surface.
By contrast,Keno Hill has 300 m oz total past production and current resources and the deepest mine is 300 m from surface.
We see the district potential of a billion + silver oz in Canada,on a road, in an excellent mining jurisdiction.
Talks Stillwater.
Talks Granite creek-advancing it.
Talks La Plata: Hybrid Galore Creek district surrounded by a Keno Hill district. This is the team that drilled out Galore.
New deposit disoveries at Keno Hill are the discoveries silver major producers look to acquire.
Our team came together in 2016.
Acquired the 166 km land position: private property ,juniors and land we staked themselves.
Went into a data mining period after the initial acquisition period.
This brought in eight past-producing high-grade assets.Potential areas to focus modern exploration.
Compiled 100 years of mining records from Yukon govt and Alexco Resources.
We recognised six advanced stage targets/existed drilling/underground sampling that indicates that we have something to quickly bring towards resources.
This district had a lack of road access from a patchwork of owners means our lands had not seen modern exploration.
We collected the first geological surveys,soil sampling and identified twelve,multi-kilometre scale soil and geophysical targets that we tested for the first time in 2020.
We have taken a similiar approach to La Plata.
Importance of operating in existing mining districts for our investors is the ability to making and advancing discoveries,shortening the timeline of advancement and reduced capital needs.
This can be quite significant in relation to value creation.
We will follow the Nova Gold model:Table a resource in 2021 and then advance and de-risk the assets through the development stage as we go.
Geology is consistent throughout the Keno Hill District.
Talks drilling La Plata in H1 2021.
Technical team has Donlin,Galore Creek and EverGreen discoveries to its credit.Discovery through advancement success/experience.
Hydro facility.Town of Mayo.Full road access.Deep sea port access.Excellent infrastructure.
Alexco feasibility:800 g/t is the highest grade of any producing listed company in the world.
Took $20m to develop their two undeground mines-very modest initial capital requirements.
4-5 m oz production from only 400 tpd. Top-15. With a modest mill upgrade it has the potential to be a top-10 silver producer and is top-ten in grade.
Reserve grades for primary silver assets: Six mines globally stand out with Alexco at the very top.
As we move into second phase of metal price cycle majors will look for low political risk,junior controlled districts with high grades with potential to expand.
Keno Hill certainly stands out in all of these areas.
Exploration focus:
Very high grade systems.75% of the value is silver. One of the richest,quality concentrates in the world.
35 km wide district.
Drlling results are due any time now. Quite excited about that.
The eastern district has multi-kilometre anomolies that we have just tested.
Big part of the focus of the last 2 year program has been looking at the eastern part of the district..... which has been much less explored.
Exceptional scale targets discovered : 2 kms wide x 5 kms strike length.
This has led us to start to think of the attributes it shares with the western district-classic Keno high-grade vein structures along with the potential for bulk tonnage targets.
The scale of these targets are much larger than anything that has been seen previously on the west.
That was the focus of our exploration targets in 2020.
Patterns:
The east shares the classic,high-grade veins.Vein rubble material at surface within these large soil anomolies.
Coincidence of magnetic low features with these soil anomolies really had the team thinking about what this implies about other styles of mineralisation in the Keno District.
Suggests mineralized intrusions below these targets.
Are these structures/targets different than classic Keno style structures that could include broad intervals of disseminated style mineralization in these intense structures?
Looking at Penasquito as an example....what we're looking at -at Keno East- is the potential that we have an area similar to some of the biggest silver targets in the world that
have a combination of high-grade vein occurances and the potential for bulk tonnage structural zones.
East has unique structures -breccia and stockwork zones and areas of silificication.
We're either above an intrusive mineralised system or potentially systems below this that could represent stacked vein structures that are more Keno style.
Talks La Plata:
La Plata is geologically similar to Keno East.
No modern exploration in the last 50 years.
Very large scale mineralized system.
Permits ready for drilling.
Opportunity to add significant value for shareholders.
Upcoming Catalysts:
Keno DP results pending-due any day now.
A couple of NR'S - Keno East results followed by advanced stage target work results.
Should be quite significant and we're really looking forward to releasing results.
La Plata results within a month.
Comment by
deet on Feb 18, 2021 10:33am
Sounds great. The stock has explosive potential. Can't figure out why people are selling for a measly 62 cents a share.