Live presentation just concludedThere will be a link up in a few days by the company.I typed out what I thought was pertinent.
Greg Johnson
April 8th
9 am
La Plata news in coming weeks.
We're looking at another Bermingham-50 million oz-as a starting point.
We're going to see LARGER SYSTEMS in the future.
Bulk tonnage/open pit possibility in the East.
Fragmented ownership and no road systems until we consolidated the East.
The East is showing different mineralisation than the West.The East has had no modern exploration done to it.
Bermingham has the opportunity to become the largest deposit in the district.
Formo is a prime target(along the same corridor).
Historically, a large open pit and we are step out drilling and developing a resource.
Silver Queen and Formo are major targets within highly mineralized systems.
39:00
Formo has significant host rocks.Looking for the ability to expand down dip.
Much like Bermingham.
Classic Keno-1100 gt -3500 g/t-calibre of Bermingham system.
Step out and build tonnage.Develop it further.
Very close to AXU's mill at Bermingham.
Structures are open in both directions.
Grades that we see have given us confidence and allows us to develop the resource.
East Keno
As the new guys we have built on Alexco and demonstrated where blue sky upside is -the East.
Highlighted in a new way to have high-grade deposits but we may be seeing the source of mineralisation.
The oportunity is we understand the source as an intrusion and the hallmark is a signature of intrusion and styles that allow bulk tonnage.
Our model that is evolving is that we have the potential for high grade and bulk tonnage systems.
We're on the right track to understand the systems.
Our focus is Formo,Silver Queen and advanced stage targets for RC.
Keno East success at Fox-down dip RC drilling.
Avenue,MacMillan drilling this year.
This year we are deep in planning,fully permitted. Kick off late this month.
Start with three drills,moving to four drills.
Much expanded and looking for 10-15,000m drilling.
East diamond drilling to look what's happening deeper in those holes.
We want to do some core drilling and go deeper.
Fox area has six structural intersections -we can grow that quickly into a resource.
Multiple systems of 25-50 m oz potential.
Our belief is that we are in a multi-year bull market.
The Formo resuslts were met with no response.
I wouldnt be surprised if the negativity is met with greater knowledge of our results.
We'll have more consistent news.
We'll have a DP announced at La Plata this spring,as well.
We have low political risk,next to Alexco and so much blue sky and we look to be a leader in the silver space.
We're excited about Keno and La Plata. We have multiple oportunities to fast track our resource with Alexco or another major.
We have seen interest.
Silver producers need growth and we have significant impact as we are de-risked.
Multiple,potential exit strategies.
We are in an excellent position. We are not looking to take on a JV as we have significant upside.
Work at Formo and advance Caribou/Homestake towards a critical mass for an initial resource tabulation.
First drill holes into La Plata this spring on the top of the 39 historic drill holes means we can build a resource there quickly.
Possibly bring in a couple of larger groups and production next season on the Alluvial projects.
Will dividend or spin it out eventually.
Keno - Alexco is looking at us for resources and an opportunity to expand their mill.
Success on our side means a JV or arrangement.
Our objective is to discover 50 m oz or more and there is multiple 50 million oz deposit opportunities in the East.
It's going to be an exciting year for Alexco and us-for the entire Keno District.
What we see in the systems-grades vary. Fairly systematic pattern.In general,very good silver grades at Formo so we are in the heart of a system.
Very positive.
We're pretty excited.We're building on the team and excited in what lies ahead for us.