BBR vs GBBWhile trying to find more flagships projects to compare to ours atGranda I've overlooked one of the most obvious for a while which was theacquisition earlier this summer of Brett Resources by Osisko.
Brett Resources: At time of sale Brett had proven up an Inferred resources of 6.7 million ounces of gold at 0.7 g/t au to depth of 300 metres.
Gold Bullion: Potential in block model alone adjusted to 300 m depth for 3.5+ Million oz gold, as down to 70 m lies our potential for 2.4 to 2.6. This estimate excludes the recent 80+ drill holes in the Eastern Extension to expand the resource in width, depth and along strike as well as the infill drilling of the Preliminary Block Model.
Brett Resources: Metallurgical data: Gold used for sample averaged 0.60 to 3.4 g/t au, recovery was 93%.
Gold Bullion: Metallurgical data: Gold used for sample averaged 0.5-0.6 g/t au (all high grade samples were excluded) still came up with 93% recovery rates.
Brett Resources: At the date of being bought out Brett Resources had completed just over 45,000 metres of driling on their Hammond Reef deposit.
Gold Bullion - To date GBB has drilled approximately 35,000 metres across their Phase 1, 2 and 3 drill programs.
Infrastructure for the two companies is close to the same as we are both located in Quebec except GBB is half the distance from major highways/towns.
Brett Resources: Drilling: The best results from the drill program are from hole
BR 126 whichintercepted 40.5m of 1.95 grams per tonne gold and from hole BR 127which intercepted 159m of 0.97 grams per tonne gold.
Of 45 + holes completed these two results were their best to date at time of being bought out and their other results look NOTHING like ours as I'd say close to 50% of them are misses or quite low grade 0.3-0.4.
https://www.brettresources.com/s/NewsReleases.asp?ReportID=350150&_Type=News-Releases&_Title=Bretts-Exploration-Drilling-Confirms-the-Continuity-of-Gold-Mineralization <--- link to some of their drill results
Gold Bullion: Drilling: 123.5 m at 1.07 g/t au, 75 m at 1.5 g/t au, 99 m at 1.06 g/t au, 85 m at 1.00 g/t au, 40 m of 4.05 g/t au, 356 m of 0.6 g/t au.
Brett was purchased on July 14 this year for approximately $3.70 per share or a market cap of just over $400 million with their 110,000 shares outstanding. GBB's looking to prove up a deposit like this with almost double the grade as proven when bulk sampling yet we still sit at $100 million. And for everyone who's fretting over "lower grades" Osisko was happy to buy out a deposit with only 0.7 g/t au average therefore we have absolutely nothing to worry about in terms of our grades at Granad