The BIG picture.................according to Eric Sprott !I have watched Eric Sprott over the years...............and have also been in projects with him and still am, like ITR and BBB.
Eric doesn't waste his time on projects unless they have serious geologic scale.........................he sends his best geologists in to do due diligence.................If they come back with something that states a 2 to 5 million ounce potential....................he get's right in there quick !
What his boys would have found when reviewing all the historical work would be this:
-A high grade, close to surface( less than 150 meters) historical resource, of 165,000 ounces, and by no means fully drilled out...........open on all fronts( even though it is not 43-101 compliant, it has not dissappeared)
-30, 000 ounces mined in the 80's at 7gms/ton before being shut down by Northgate because of low gold prices
- an open mining permit, that would bypass years of environmental review and government permitting BS
-30,000 meters of historical drilling that can be modelled by 3D software, at tool not available back in the 80's
- the use of "H" size core much larger and more representative of the actual grade....which was found much higher than old core data
- they would see that Quentin has amassed a land package capable of delivering a district scale project which has 12 near surface mineral occurances on the property package, that have been identified but not heavily worked................The Alwyn mine whch has historic near surface drilling of 6,86 gms/ton gold and 3 % copper...........East Red Rock occurance close by that had a 2500 ton bulk sample done.......yielding 9.3 gms/ ton and 7 % copper, tecumseh and 9 others that have been documented by previous operators
-an extensive magnetic survey done on most of the property by previous operators that highly corrolates all these surface occurances.
While the emphasis right now is on trying to get the resource of the Scadding deposit up to 4 or 500,000 ounces in the near term and gettting a compliant statement.... and getting the mine reopened...............there is the potential of many multi-million ounce near surface satelite deposits near by on the property to feed the mill for decades to come..............................
This is the scale Eric sees through the lense of a mutiple deposit outcome in the future...........
For those who are anxious to make another 10 or 15 cents on the next glory hole................think again............. as GBR.v was 15 cents only 24 months ago !!!!!