RE:RE:ceosurething1111 wrote: Agreed Ike,
We couldn't ask for a better Geo or CEO. Tim is first rate for sure.
Best longs, we no doubt have more news coming up very shortly.
S
I think the best part is his knowledge of Newfoundland which is hard to place a value on. He knowledge got him interested in Moosehead which was subject to some legacy drilling about 15-20 years ago. He also decided to drill Grey River with the first 5 holes all hitting and then hitting on the first hole at Golden Hope lithium play.
I also like his transparency vs. a slick talking front man and you never really know whats going on.
One thing we now know about Moosehead is we are going to continue to get excellent high grade assays expanding various zones at shallow depths. Lot of low hanging fruit. Assay results flowing this summer through fall will add to this story. This is a given at this point. I also think we will be much further along in connecting the dots. I also have little concern here.
The big questions mark is not if there is big bonaza intersections down deeper but rather the time to find them. So that is whey Tim is getting as much know how as possible to find the best plan on how to do this. This will be in the eastern trend and Tim has a good idea on the best way to do this in general terms [ my paraphrasing listening to his recent podcasts and reading in between the lines also].
I also note the timeline we have been on since FY 2018 when this all started, I was here then
FY 2018- First discovery hole and initial PP with Sprott. A few million dollars I think and small 3000 metre programs. The junior market and gold price were horrible in 2018/2019. Big run in stock price to about $.58 with a small float, but everyone knew it was super early int his story and the stock quickly retreated.
FY 2019- Continued small drilling 3000 metre programs. Hard to raise money. Some more excellent intercepts but horrible market. The stock price in around October/November 2019 hit a low of $0.045 and traded around the $0.05-$0.06 mark for a while.
FY 2020- As I recall, stock price improved to high teens and was suck there all year. Drilling similar to FY 2019. Limited money and very small drill program at Moosehead. Tim often said that with this type of deposit you need to drill lots and lots of tight holes. With such limited funds they were doing 50-100M spacing between holes. We did not participate at all in the gold price run up during summer of FY 2020. My attention was all on Freegold Ventures at that time. Fun summer. Late in FY 2020, we had some really excellent drill results at Moosehead.
FY 2021- Continued the great assay results and seemed to ge getting some momemtum We were drilling more with more funds and bigger program. Around March 2021, support from a well known investor Moriaty (spelling), ignited interest and we were on our way to a high of $.78. Raising more funds and our drill program went from 25000 metres, which was huge considering our previous tiny 3000-5000/10000 programs. We then went up to 50,000 and 4 rigs.
FY 2022- Our program from 2021 went to 100,000 metres which is really a way of saying we have another 50,000 metre program this year.
From 2021 to now, we added a lot great land packages on the cheap including Golden Hope and Grey River above. However alo Fleurs and Kappenkeck which will be excellent future projects. But getting back to the Moosehead drilling, we have only really been at this for a few years at any meaningful level of drilling. This takes time. Looking at where we our, I really believe by the end of this year, we will have a lot more clarity and our value should reflect that. Our assay results at Moosehead are simply to good and continue to grow rapidly.
GLTA
BC