"Early days, but very quickly adds up to Penasquito-type .."Didn't get all of it but here's the overview:
-Multiple NR's on La Plata over the coming months
"-Keno East- looking at mineralization at surface
Keno West drilling now down 400 and 500 m @ Bermingham
Potential to have magnetic systems of bulk tonnage scale+Keno high-grade style veins
Similiar to Penasquito mineralization
All geological factors lead to potential of very significant bulk tonnage targets
Initial drilling confirms new discoveries
2-5 kms in length -and kilometres wide-these are the scale that major miners go looking for
Very large anomolies-initial drilling focus was proof of concept
Classic Keno style discoveries with potential of something much more significant
Fox target area:
Holes continuously mineralized-atypical to the West
Classic high-grade and packages of bulk tonnage mineralization
Average grade of bulk tonnage 65 g/t- potential of 25-30 million oz in each structure
Intercepted 6 separate zones at Fox,alone. 5 kms in length.Couple at Cobalt hill.
Six or 7 untested targets.
Drll to depth,drill closer drill holes.
Every hole ended in mineralisation
Early days,but....
Very quickly adds up to Penasquito-type mineralization
Formo and Silver Queen results any day
La Plata news any day
We are in an excellent position to advance La Plata and Keno-well funded and preparing DP at Keno Hill now.
Mobilising crews in APRIL.Drilling in May.
Develop,grow resources and then de-risk like we did at Nova Gold.
Model is straightforward and we did this before.
We may work with Alexco and JV. If we find a large resource we will be attractive as a takeover target.
Very exciting results-high-grade and bulk tonnage.
As an exploration geologist rarely do you hit 26 out of 30 holes.
Only in Donlin Creek did we experience that.
Takes the market a little while to recognise the potential.
Our level of drilling activity means we will have higher priority with drill results going forward.
Our hope is production this year with our alluvial properties.
End.