I asked IR about Assay DelaysGot this back about a 1/2 hour later: "Thank you for the email. I understand your concern when it comes to assay delays. We attribute this issue to lab backlogs that is plaguing juniors across the sector. It is a problem not unique to Snowline. For the remainder of our 2022 assays, we are contractually obligated to use our current lab. Much like many other companies, we have expressed our concern and are actively looking for the most efficient solution, including alternative companies to process our assays in the future.
The results from Valley this season have continued to demonstrate the footprint of this system and have served as de-risking events. Further to that, we believe metallurgical testing results should confirm this.
Your long-term perspective is important as Snowline was built around the idea that there is an unrecognized gold district sitting out there. We have many high priority targets in our pipeline with the potential of new discoveries. Our upcoming drill campaign will focus on building out the size of Valley, drilling more of Gracie and spending time trying to make additional discoveries on our other projects. Valley is not the only target we have, we believe there is still a lot to uncover.
I hope this helps answer your questions and concerns.
Thank you,"
Stephanie Hansen
Director of Marketing & Investor Relations