Get your properties straight! The NR of Jan 27th, is just an updated NI 43 101 based on results of the Dosquebradas property.
We have know about the grade and total resource for that property, and I believe the SP reflects that.
The current resources estimate for the property is
The highly anticipated update to the MINAFLORES property is due out next week (week of Jan 31st).
That is the property that we have be recieving very promising initial drill results including (jan 9th and jan 25th):
- Hole QM-DH-16 intersected 1.31 g/t gold over 110.4 metres that includes 2.11 g/t gold over 26 metres.
- Hole QM-DH-23 intersected 0.73 g/t gold over 167.2 metres, 1.22 g/t gold over 35.75 metres, and 0.60 g/t gold over 128.25 metres
- QM-DH-24 intersected 167.75 metres of 1.05 g/t Au, including 44.10 metres of 2.94 g/t Au
- QM-DH-25 intersected 161.00 metres at 0.78 g/t Au, including 36.30 metres at 0.95 g/t Au and 6.45 metres at 3.02 g/t Au
It is those drill results they are using to complete and updates NI 43 101 compliant resouces estimate and add significantly to the total gold in the ground for the company. See my next post on resource calculations and estimates.