Some of the content from the meeting Typing what I hear about 3/4 of the way through.
Jean Phllipe talked about two forms of drilling.
There's drilling to test the land for it's potential, and there's drilling to find gold.
(Steve, I'd like to learn more about this and know in the future what the two types are and how to know what each drill campagin is targetting)
Cynthia says:
"The importance of doing mapping helps them understand how the land was formed.
becasue when you plug it into the "systems" (Computers), it helps them target the drilling at deeper dep
We're not targeting something geometric, it's folded and it's formed. The research done on the (with the work they've done) we are now seeing the lithological units start to become predictable underground and helps us predict our drilling int he future.
As we become more efficient in the mapping, we become more efficient at drilling/exploration.
One more thing, that surface stockpile, which has 190 material? , that came from somewhere. They might not have mined the quarts rock.... that stockpile is a really good key to whats happening in that environment."
Steve: What' are you going to drill next year? (paraphrase)
Cynthia "there's a delay in the assays... once we have the comfort level in the assay we can bring more drilling, but plans for 2023 (meant 2024) is more drill holes, but the success of this drill program, and the team and Jean Phillip, will help them target." We really need to focus on one area we are working on and build that area... you dont jump around because you kill yourself in that area.
JeanPhilippe-
MRE will come with grade and tonnage... they are not there yet, the MRE will provide a "range" - in term of establishing # of resources... is compoicated you need enough ounces.
what youre doing is essentiall putting a proice tag on your project.
Once you extend the price, it's hard ot change that price in the future.
They want to be careful with it.
Once they're comfortable and confident the results will be good, they'll do the MRE.
Cynthia thinks they can't (technically) put all the positive results of their research into the MRE report, so the report wont represent the financial potential of the land, so it's "shooting themselves in the foot" providing a report before they've completed the work needed to prove the gold.
I paraphrase some of this and missed some stuff as the spoke quickly...
Did my best.