Almost 1.5 Million ounces AUeq in the ground with infill and exploratory drilling ahead....run this to a $1.00+ raise $20 - $30 Million and drill the cr-p outta this and get her North of 2 Million ounces of Gold with Silver/ base metal credits probably 5 Million ozs of AUeq and sell the property for a massive gain for shareholders.
The base metal prices are out of line below, but Gold and Silver are quite a bit above their original calculations...wait for Gold to push thru $1900 USD$/oz. old high and get above $2000 USD$/oz then we will have a RED HOT sector...the World is drowning in Coronavirus DEBT and there is no easy way back to normality, let alone prosperity. Plus Argentina needs the mining jobs.
Gold is the only place to be...Cheers
From the NR:
Organic Growth
Further to the Company's news release dated September 12, 2019, the Company engaged Tetra Tech Canada Inc., a prominent, global geologic and engineering consulting firm, to complete a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") technical report for the Company's San Roque property.
The N1 43-101, effective July 22, 2019 and released September 10, 2019, has the following highlights:
- Low-sulphidation epithermal polymetallic mineralization
- Gold, Silver, Indium Zinc, and Lead
- Estimated Gold content in 32,891,400 tonnes of Inferred Mineral Resource:
- 1.42 grams per tonne gold equivalent:
- Metal grades comprising the Au Eq calculation are: 0.46 g/t Au, 12.1 g/t Ag, 11.9 g/t In, 0.78% Zn and 0.39%Pb.
- 1,499,900 ounces of AuEq
- 486,600 troy ounces.
The Gold Equivalent ("AuEq") resource grade is based on the following metal value ratios to Gold: 1 (Au), 75 (Ag), 19,565 (Pb), 15,716 (Zn), and 117 (In) as calculated using three year trailing average metal prices as of March, 2019 of US$1,267.00/oz Gold, US$17.00/oz Silver, US$1.00/lb Lead, US$1.20/lb Zinc, and US$10.80/oz Indium.
Inferred resources
The N1-43-101 also contains the following statements:
- "It's recommended that the San Roque project merits further work and continued focus to develop it into an advanced stage project rather than an exploration target."
- "The San Roque Project covers a large area of high exploration potential."
- "The deposit model for the Inferred Mineral Resource estimate remains open for expansion by continued drilling in all directions and at depth."
- "Expansional drilling should also be undertaken with the aim of connecting mineralized zones together which are currently modeled as separate bodies."
- "If possible, drilling should also focus on extending existing drill holes to greater depths, as many of these holes bottomed in mineralization."
The Company plans to advance the development of San Roque with continued drilling and metallurgical recovery work once it secures the necessary financing. It has become an even more attractive property considering the price of Gold is now more than 40% higher than when the NI 43-101 assessed its Gold equivalent inferred resources.