RE:RE:RE:RE:RE:HaltedApologies, it's been a beautiful weekend and just hanging outside.
Pardo - With the bulk sample we came out probably a little under cost. Reason being the contractor at the Redstone Mine provided IVS with a quote and then totally ran over that budget. Handcuffed them. There was probably about 50-70 ounces that went, more or less, unaccounted for. They could have been somewhere in the mill or in one of the cleanout boxes. IVS pays for all the cleaning and you need to make a judgement call as to what not too open.
Definitely some lessons learned.
Grades were lower within the overall sample for 007 compared to the trench samples but this was due to the fact they (now know) the higher grades are at the top of the orebody and decrease as it gets down to the footwall interface.
Between the block lifting of the zones and the glacial erosion that has occurred it all plays an interesting rule in the geologiccal setting today.
007 is a perfect example.
Glacial erosion has scowered the reef down to the perfect exposed outcropping.
High grade on top and decreasing down toward the footwall.
Other areas have never been scowered and others are gone in their entirety.
Shallow UG mining practices may be able to be employed because with an average of 2-3M+ reef thickness it is perfect for stope heights (low waste rock) with perhaps a bord and pillar mining method. When extraction is complete, blast the pillars and reclamation is minimal.
Looking to a third party for completing a resource estimate for Pardo that is NI 43-101 compliant.
Hopefully completed 2023.
I don't think I should say anything speculative as to how many ounces.
Just a matter of poking a bunch of shallow drill cores because they feel they now have a handle on the grade outcome.
The one new investor is a highly respected gold geolgist and is very interested in Pardo.
I'll leave it at that till the PP has closed.
Don't know who the other is yet.
Sudbury 2.0 - Lots of targets and looking to drill some at Rathbun, Dorland and Cobalt Hill. There are parties interested and Inventus would like work together with to open up all these prospective areas. May not be just one but multiple parties because of so many targets and multiple metals i.e. copper/gold, cobalt, platinum/paladium.
I personally believe Glencore is always there on the sidelines but like all big outfits they will let you blow your own brains out before jumping in.
Wallbridge Mining assets were just taken over by Archer Exploration but they have a fair bit on their plates to address first. Always had connections with Wallbridge people.
Rob McEwen still very much onboard along with our other large investors (no Sprott as far as I know but that is perfectly fine with me). I believe our one new investor will help push Pardo in particular forward.
Hope this helps.
Cheers