RE:1800 metersbovalena wrote: Zorg, Does this sugges that there is a continuous 1800 meter interval of mineralization that is near the border and then you would infer tha it continues onto Treaty Creek and if it is near verticle in its extention does that indicte that it extends laterally also such as possibly to the northeast in our direction? And what might this mean to us in value creation? I know I am asking for you to severe speculate? Just stuff dreams are made of!
No, it doesn't suggest that the 1800 meter interval continues into Treaty Creek. Seabridge indicated that the mineralization ended on the south side of the Sulphurets fault where it intersected with the North Iron Cap Fault. However, there is some potential that on the north side of the Sulphurets Fault there is some continuation up to Treaty Creek. But a more likely possibility is that there are completely separate discoveries to be made at 2 km intervals in Treaty Creek on the KSM Iron Cap trend since all of those discoveries are approximately 2 km apart.
The 1800 meter number was significant to me because it will likely add substantially to the Iron Cap Inferred resources estimate. This may not all be economically viable to extract at current prices, but we're talking about a 50+ year mine life with infrastructure built out in the first few years. At some point over the next 50 years there could be changes to gold prices that alter the equation and make more of the Inferred resource economic. If the resource addition is significant it could move the needle again toward more interest on the part of major miners - these guys need to add resource at an attractive price which is something Seabridge offers.