RE:RE:RE:RE:Swift bounce back! You know the good times are close when you catch an unprovoked basher!
CEO video out yesterday
"We continue to hit lots of visible gold"
"We have gone from 3 mineralized zones and 1 mineralized horizon. To 6 mineralized zones and 3 mineralized horizons".
Historically when bulk sampled the final grade exceeded the estimate by upwards of multiple grams per ton.
The company has been analyzing old core for underscoring. It seems when they fire assayed vs. metallic screen assayed. That potentially a material amount of gold was lost. This adjustment would mean the resource would be materially adjusted, up!
385koz can become 500koz+ pretty quickly if the original conclusion is a big underscore.
The company isn't even drilling the main ore body yet and they hit good gold on 90%+ of their holes.
This is the kind of gold stock you accumulate and hold for a few years in a market like this. As the resource base ticks over the magic 1moz number. This vaults into rare air.
Eastmain is the 11th highest grade mine in the world with a resource estimate of 500koz or more.
Not exactly a mutt. It's just thinly traded. Market will soon see what they are missing out on.
A few fluff news releases and a ceo video lead me to speculate that some hot holes could be up next! Probably 40,000m of drilling assays pending right now. Three drills turning.
Some mutt... Cash stacked mutt at that!