RE:RE:Where is the damn resource estimate?if you expect no upside in PEA then you are in for a pleasant surprise. I'm guessing at an approximately 45% increase in the resource simply because some of the 45 940 m of additional drilling helped define the extent and boundaries of the breccia zone near surface.
1) If I remember correctly, the breccia zone was expanded a bit at surface. It doesn't take much tonnage at those grades to really increase the resource.
2)
25,000 metres in the delineation drill program tested material around the pit peripheries that is currently assigned a zero grade....The results from delineation drilling successfully intersected significant grade widths improving the confidence and continuity of the in pit mineralization, including that of the high grade breccia zone. (from Nov 2013 MD&A).
3) Some of the drill results reported last fall seemed to support at least some minor pit expansion to the northeast.
4) Information from the heap leach test pointed to possible pit expansion to the southeast
Items 2, 3, and 4 combine to show the potential for a significantly deeper pit, which would mean a huge boost in the resource.
123456789101112 wrote: Yeah, it's overdue but really how often do these things happen on schedule.
Hopefully it's not too much longer. I'm not expecting much of a change in the resource. Not much exploration drilling, just firming up the numbers. My guess is that the upside of the heap leach tests on waste rock will add some ounces but nothing big.
Like someone posted earlier the big upside is that it now may be economical to get down the deep high grade ore. Those will be the big ounces but we won't see any change to current numbers because there hasn't been enough drilling in that area. I assume some of the recent strength in the stock is because of that deep high grade.
I'm looking forward to the PEA. If they can confirm economical numbers at low gold prices then the project becomes really attractive compared to almost everything else out there.