CC notes3rd quarter results reveal a turning point in production.
Totally foused on Bermingham/F&M ore bodies.
950 g/t silver ore now being milled from Bermingham.
Working capital: Finished all our PPE spending.
Almost exactly where we planned and our cash balance will grow in early 2022.
Bermingham Deep drilling is done.
Robust mineral resource will be done by the end of the year.
Q/A
48% of assays back. Hope all are back by end of Nov.
Once we have a resource we will be looking at producing a mine plan ASAP.
Internally we are talking about Bellekeno material that is above where we have been mining.
At some point we will go back around -five to eight years from now.
Bellekeno remains fully permitted and we will maintain the access to that mine.
We will let the mine flood but the water treatment plant remains and we can turn it back on next year.
To date we have operated on a plan we made in May or June and we will generate cash in early 2022.
We are working with and training our own employees.
Two main factors-we are recruiting and retaining our miners.
Underground miners are in great demand but we have improved our situation.
Bermingham Deep:We have 51 intercepts-90% of those were exact intercepts. Very consistent zone.
It has the same characteristics of the Bermingham ore-high in silver and low in base metals.
It is designed on indicated.I am hoping for mostly an indicated category.
Bermingham's main ramp decline is progressing. Cut and fill on the 1150 level.
1120 level is higher grade and will be mined in a couple of months.
At site,we have over 90% vaccination rate but in the shorter or immediate turn we don't see any impact from Covid.
We're a good story-70-75 million oz going into production.
The Keno district has silver mineralization over the entire district.
We now have a much better understanding on these higher grade deposits.
We will do a recon program in 2022 to find similar deposits like F/M and Bermingham.
You can be sure there will be a series of deposits -blue sky statement-and we are only getting started.
It's a big district with a lot of targets.
We will be updating shareholders as we get closer to full production.