RE:still more patience requiredhighper wrote: It is hard to put the assay data together so that the bigger picture - the picture we need to understand the scope and the magnitude goldstorm deposit - can be worked out. With even stock zorgs spread sheet one might well have difficulty determining goldstorm's expansion...
Quite true highper. Back when Goldstorm was basically rectangular from 106N to 117+050N it was much easier to calculate square km for the surface footprint. Now I have to do some geometry to figure out how big it is with Sections C, D, I etc. coming through at an angle. [I always hated geometry].
There are three things I think KK can do with the rest of the drilling this year. The first is to try to locate connections between the high grade gold pockets he's located. Imagine if he can verify a 175m stretch of 20g/t Au. The second is to infill the 500 meter stepout area, and some of that is already part of the initial Phase I plan. It would be great if all that extra gold is classified as M&I instead of Inferred. The third is to take a shot at further extending the footprint to the northeast. And even a fourth might be to further define Route 66.
I'm actually good with any of these options and will leave it to the exemplary judgement of Mr. Konkin as to which way he goes.
As more data comes in, I'm getting more confident with 42.6 million oz. AuEq in the next resource estimate (all categories). Depending on how much tweaking there is outside of the 2021 resource area during the remainder of this year, I think there is upside all the way to 46 million oz. That also gives me more comfort that by 2024 Tudor will be well over 50 million oz. in Goldstorm alone, making it bigger than any single KSM deposit.
I also continue to feel there are at least two more major deposits to be located and drilled off in Treaty Creek. One toward the south end of Perfect Storm to the east side of where the Suphurets and Brucejack faults meet (straight north of the major discovery by Newcrest at Golden Marmot) and the other much further to the northeast side of the Treaty Creek property where the other end of the Big "W" formation comes toward the surface from several km down as it did at Goldstorm. That's a good 3km further out than any drilling has been done to date.
There could be a third deposit to the north end of the Treaty Creek property near the Eskay Mining exploration, but need more Eskay results to clarify that.
The fact that the junior mining sector is very much out-of-favor right now will create headwinds to the timely exploration of all these possibilities. But that's part of the game we're playing. Our outcomes will be based 10% on what happens and 90% on how we respond to it.
Rudi Fronk put out a 7 minute video recently and indicated he wants a JV within the next 12 months based on their latest PFS work focused on open pits at Mitchell, Snowfield and Sulphurets. With SA stock at less than $13 I'm not sure he will get the best deal this year, but we'll see. A Seabridge deal would go a long way toward enhancing our understanding of the value of Treaty Creek. The lack of a Seabridge deal has been a significant depressant to the value of Three Amigo stocks I believe - until there is proof that KSM is a respected project, Treaty is not a high-flyer project either. However, if KSM achieves status, I think there will be an immediate change in thinking toward Goldstorm development.
Do your own DD. GLTA. Doug