RE:RE:RE:NEWS! Note to board: unlike unconformity deposits like Cigar or McArthur, depth is not an issue for basement hosted deposits and depth is not an issue for Arrow and NXE. Many Canadian basement hosted mines (ie gold and base metal mines), past and present operate at depths greater than 2500 meters....
JKMD43 wrote: Great news today as usual!
AR15-62 is a substanial hole for the resource estimate because fills the gap between 44b and 58c1. The inferred resource that can be calculated around all three holes is enormous, as others have pointed out. This hole will likely have assays that compete for top spot as the best hole drilled at Arrow and in the Basin and Arrow continues to quickly fill the top 5 spots for best holes ever drilled in the Basin. The A2 core alone could be a stand alone project!
What is really exciting, is that the 245m stepout down plunge on the A3 shear came back with 21.2m of off-scale. Allbeit, it is 600m-800m deep, NXE may have just drilled into the high grade core of the A3 shear. It is scary to think that there could be an A3 core as the A3 shear is 3 times the size of A2.
All in all, using all the assays availble up to this point and assuming the last holes of summer follow suit, I have come up with each hole containing an average of 2-3mm lbs. If we take this average calculation of 2-3mm lbs per hole x 75 holes, it could be said that Arrow is likely sitting on an indicated resource of 150mm-225mm lbs at present. This is using drill hole data only and does not factor in any inferrered resource, additional dimensions, or the fact that Arrow is open in all directions.
When things turnaround, Cameco and NXE will be to go to names in the Basin for a junior and producer. Hopefully in due time, it is just Cameco ;) =).