Conf Call - drilling highlightsEagle:
1) Continue to expand on development of 322 & 635 levels for Falcon 7 Zone and will provide 20+ gm/ton feed as it moves into production
2) 311 West zone is being drilled 500 west of the diorite at the 355 m level, hence we are 500 meters into the volcanics and getting mineralization in the volcanics. This is confirmation that the Falcon 7 wasn't an anomally. The property mineralization will be reinterpreted. Resulting in many more exploration targets of parallel zones as they migrate into the volcanics.
3) Expect this area to increase the ounces as it get included in the near term mine plan. expect guidence of more than 100,000 ounces in 2022 as they increase throuigh put to 700 tpd at high grades (once mishi stockpile exhuasted)
Kiena:
1) Kiena will have 4 new high grade stops in the near term. They are now into production of the first part of the A zone. Production is ramping up and they will likely be at the high end of guidence on ounces as the A zone is reconciling about the results of PFS (6%)
2) The footwall zone sounds like a monster in the making. Additional lens appear to have been found adjacent to and in the footwall.
3) Presqu'ile Zone (NW of Kiena): Mineralization has been found at this zone and they continue drilling.
4) Shawkey Area (SE of Kiena) -Mineralization is being found in the shawkey area. Most importantly they have found a new Zone named the "Borgo Zone" with similar mineralization, structures and orientation as the A Zone.... translation... management is hinting at another Riedel Shear Zone. This could be the source of a major lift in share price as drilling results come back.
The assay labs are fooded with work. Expect a press release on Eagle in a few weeks and a Kiena update before Christmas.
2021 has been a great year for us all. For me it has been life changing with wins on PNE, TOU and now it seems my long term hold of WDO is about to take another leg up at the same time gold is in an inflation driven rise.