CEO Greg Andrews on drill results;
Greg Andrews, President/CEO states; “We are very excited about the results from our 7000m drill program at Deep Fox. These results will be incorporated into a new resource estimate for Deep Fox, which will further be used to update our Preliminary Economic Assessment report. We expect the updated PEA will be completed by Q1 2022. The company is planning a Phase 4 drill program in 2022 to provide: 1) infill drilling to determine a suitable measured resource to support a Feasibility Study (“FS”); 2) exploration drilling on both the eastern and western edges of the deposit; 3) exploration drilling on the 250 m level; and, 4) HQ geotechnical drill holes suitable for a BFS. In addition, we are planning additional exploration programs for our drill ready projects of FOX MEADOW and SILVER FOX, along with exploratory work in our recently acquired Red Wine District in Northern Labrador.”