VRIC today The below is a summary of today's presentation.
Each company presenting over the 2 days has a short 10-15 minutes, so Tim did a high level summary of the share structure including mentioning Eric Sprott's major interest, the location of the projects and geology. Tim stated due to the shortness of time, he would discuss 2 of the Company's projects:
1. Moosehead Projecty- A quick summary of what all of us know such as similarities to Fosterville ect. Tim talked about Hole 463 and the related drilling which has commenced (see below section also). Tim stated to the audiece that he wished and expected Hole 505 assays to be ready for the VRIC presentation. The Hole 505 assays were almost complete and he expected them within a week. I took the wording and purely my interpretation that these could be any day within a week. He described the significance of this hole relative to hole 463 which we all know. Tim also said only about 25% of the land area of the project has been explored thus far.
2. Golden Hope Lithium- Overall discussion of the project and strike length of 2KM with a potential 60km. General discussion of grades all per PRs. Key thing was Tim stated more assay results coming in 2 to 3 weeks.
Discussion with Tim
I got a chance to meet Tim when I first arrived and prior to the presentation. Tim is very easy to talk to you. He mentioned that he wished he had the Hole 505 results for today (as he publically stated above). I asked him whether we started drilling around Hole 463, and he stated a big YES. That drilling is underway. Key takeaway, was he sounded really bullish on 2023. He seems really anxious on Hole 505 as all of us are also. Difference is he knows more than we do so I take that as a very good sign. Lets hope and we will find out very soon.
GLTA
BC