RE:The optimism is back, the news brings hope.You're welcome Sylvain.
Just some few points:
From Sirios site:
Next steps
The Sirios team focuses its efforts for the purpose of increasing the grade and size of the deposit with additional drilling campaigns (as well as with discussions with adjacent property owners).
The next steps of Cheechoo’s development planned by Sirios are the following:
- February-March 2020: Drilling campaign
- 2020: Impact studies
- 2021: Preliminary Economic Assessment (PEA)
- Prefeasibility Study (PFS)
The challenge is to increase the high grade (0.7 g/t) to 3 millions+ with the next drill campaign and an agreement with the neighbors.
Still wonder if they can quantify the nugget effect to improve the lower grade (0.4g/t)
and increase the large envelope. This is where we can get more millions ounces.
On the other side (like i said before), the price of gold above 1700$-1800$6+++ in 2020-21
will make the large envelope profitable.
Look at
Kinross’s (TSX: K) Fortknox mine in Alaska has reserves of 268 Mt at 0.4 gpt .
For now, let's see what will happen at Elmer Lake ...