Advisers & RE The added caliber of the 2 new strategic advisers today speaks volumes of what they believe to be the upside for the Chevrier gold project going forward. So much so that both have been sold to where this company is headed, and have put their reputations behind the company.
They've no doubt had a look at how the new geological model will take form when the 43-101 resource estimate comes out in just a few short weeks, along with the upside potential with the satellite sub-zones & targets on the property.
If I was encourage before that the new RE would be a game changer, I am that more confident now that we have added these 2 reputable gentlemen as advisers to the company.
Talking of changes, there appears to have been a few changes in the upcoming RE over the last couple months, mainly because of how hard it is in raising funds, funds planned for a 5000m drill program that was to enhance the RE targeting the south-end of the main zone, that unfortunately had to be shelved for another day.
Originally the RE was only to be pit constrained, it appears now that the RE will consist of 2 phases. Phase 1 being that of the constrained open pit resource, having a vertical depth of around 150 meters, with phase 2 then going underground, where drilling has shown vertical continuity to a depth of around 500 meters, and of which the company will use the "Goldex Mine" as a comparison model inside its reported RE.
The obvious next question is, how big of a resource estimate would be needed to make it a game changer for the company? With the company now including the resource underneath the pit area, 1 million Au ounces would be my answer, and would not be surprised if that answer shows it to be a conservative one. GLTA