What did Greg say about the potential size of Keno East?April 8th interview
"Our objective is to discover 50 m oz or more and there is multiple 50 million oz deposit opportunities in the East."
March 6th interview
"But what we're seeing is in addition to these high grade structures we're seeing zones that are tens,twenty,thirty plus metres wide that are
continuous mineralization also associated with those high-grade structures.We're seeing the potential for structural corridors.These are showing a
fifty metre wide zone that's 300m long in size.At the average grade of the bulk tonnage intercepts -which is 65g/t or 2 oz+ ton-those widths,if we develop them....that is 25-30m oz."
"What's the potential we see?
We believe there are more Berminghams - which is 50 million oz.That's the prize that we are looking for.That number is also important because when you talk to the larger
silver producers they are looking for systems that can be 50 million oz or more.If we can demonstrate even just 50m oz of potential in one of these targets we are onto s
something that the biggest companies in the industry are looking for.Each one of these rectangles that you can see on here could host as much as 25 m oz if you can prove
it up with follow up drilling.at this one Fox target - 3kms long- one of the twelve.....You've got room for tens of millions of ounces just in this one out of
twelve target.So,it really opens up that this eastern part of the district has the potential that could be similar in scale to Alexco or larger,especially if we can
open up/develop these bulk tonnage targets."
Q: Tens of millions? 50 million? 100 million?
"We believe there are more Berminghams - which is 50 million oz.That's the prize that we are looking for.That number is also important because when you talk to the larger
silver producers they are looking for systems that can be 50 million oz or more.If we can demonstrate even just 50m oz of potential in one of these targets we are onto s
something that the biggest companies in the industry are looking for.Each one of these rectangles that you can see on here could host as much as 25 m oz if you can prove
it up with follow up drilling."
"Keno East common features to Penasquito: Very large scale soil features-much larger than on the west.Intense magnetic low signature which would be a hallmark of a buried
intrusion . We see breccia zones and structural corridors that suggests we've got the potential for bulk tonnage mineralization which is not typical of a classic Keno
high grade system.Put all these things together-scale and these occurances - and it really looks like we might be looking at perhaps even the source of the Keno Hill
deposits here on the east.
The opportunity to find classic high grade Keno systems or bulk tonnage systems right at surface is excellent.
We may be seeing source intrusions,porphory systems.Potential of bulk tonnage /new styles of mineralization in the east.
Just to put this into context: These are big!! These are 2-5 kilometres in length and up to a couple of kilometres in width-at values of up to 100 g/t silver in soils.
That is ore grade in open pit mines in MEXICO and NEVADA. These are very significant levels of silver mineralization. When I started out my career for Placer Dome
working all around the world we went looking for mult-kilometre scale anomolies in soil and geophysics like this for a focus for a major.
To have a dozen of these in a world-class district like Keno Hill - on our ground -this is very exciting in terms of the suggestion we've got large-scale systems that are
unexplored and the potential for new discoveries."