Clynt's presentation-exploration updateJust concluded his live presentation for the World Gold Forum
"Bermingham probably is a continuation of Hector-Calumet
To the west are great targets.Not cheap but we are not afraid to drill.
I am very confident there will be additional discoveries.
I won't hesitate to spend more money. If we accomplish our drilling by August we will explore other targets.
Silver grades have increased 1500-3000 grams at depth and there is an increase in base metals -which tells us something."
Full presentation:
Clynt Numan-World Gold Forum
Ramping up production to 4 million oz
TROPHY DISTRICT for silver domains
This project is going to go through two or three stages
because of our successful exploration
1100 g/t Ag Eq or 800g/t Ag production-no other silver producer in the world mines those grades
Our growth profile and potential has changed with the price of silver and our exploration success
Over 100 million oz of silver in the resource category.
Began ramping up last October-first concentrate shipment in November,2020
$14/$15 silver was the environment we faced when we began.Silver prices and NSR's have gone up consciderably.
We are processing 200 tpd and ramping up.
Significant upside with exploration.
Covid is our #1 obstacle.Employees are separated in camp.Very difficult and slows down our ramp up.
Within one month from producing from Bermingham and then Flame and Moth.
Four drills working on the exploration side.I want to make clear that Bermingham is 900 g/t and our target for production.
There is an additional deposit -500m long -minerlized zone 5-8m thick and up to 3,000 g/t
Very large discovery ,significant discovery
Anticipation that by Q4 we will restate our resources
We will grow to a larger plan with this large exploration program
Upside on production and resources
This is a blind discovery upon good,geological work
We are one of a a breed -a primary silver producer. We have started to look around for expansion purposes
Keno Hill is a legacy mining district and we will use best practises with First Nations and use dry stack tailings-expensive but the very best for the environment
Bermingham probably is a continuation of Hector-Calumet
To the west are great targets.Not cheap but we are not afraid to drill.
I am very confident there will be additional discoveries.
I won't hesitate to spend more money. If we accomplish our drilling at Bermingham by August we will explore other targets.
Silver grades have increased 1500-3000 grams at depth and there is an increase in base metals -which tells us something.