Metals Investor Forum (AZM)Overall, nothing new at the conference. Here are the key interesting points:
- 5 best intersections presented (true thickness/depth)
- possible grade increase with depth
- 35 meters average true width (but 50 meters in central zone)
- upside potential to expand discovery
- Thickness very interesting
- predictable geometry (min. 450 m. Extension down dip, 35 meters width.....)
- Obvious potential to expand the mineralized zone
- several holes to be announced
- future drilling plan will start Mid-October with 3 drills and a minimum of 14,000 meters (no infield drillings). They will go down to 800 meters
- In the meantime, they will expand drilling "around" with 6000 meters for comparable targets
- Objective is to advance to $2M oz and produce 43/101 report by end of 2022.
- REX is "one giant copper target".....one of the biggest in eastern Canada. Just completed 3000 meters....It is clear that there is significant copper (and also gold)
- all samples for REX will be sent at the same time and results in 2-3 months
For your information and GLTA !