UnderdeliveringI believe the initial drill program at Catch-22 zone was 7800 meters. Then an additional 4000 meters was laid on to bring the drill density up to Inferred standard. So, about 12,000 meters of drilling into this zone which was the reason given for the delay (or two delays) of the new mineral resource estimate.
Just this morning I was reading a news release from Skeena re a new resource estimate at their Snip satellite deposit. In 2020 there was an initial estimate of 244,000 oz Indicated and 402,000 oz Inferred. I don't know how much drilling was required to get to that 2020 resource, but subsequently, 46,268 meters were drilled to get today's 823,000 oz Indicated and 114,000 Inferred.
So, this Snip deposit saw almost 4 X times the amount of drilling that Catch-22 has seen, if we pretend that Snip required 0 meters to produce its original estimate in 2020. The point I'm making: this Canard-22 zone is going to add a depressingly low number of Inferred ounces to the resource at Troilus. There was no good reason to delay the MRE twice.
Now, it may well transpire that Canard-22 might improve the early economics if there's sufficient tons to make a nice dent in the initial capex. But excuse me, isn't that a Feasibility Study-mine sequencing consideration??? I really hope somebody stands up at the Colorado conferences and rakes JR over the coals for underdelivering.