STLLR Gold Inc T.STLR

Alternate Symbol(s): STLRF

Metals & Mining Gold

STLLR Gold Inc., formerly Moneta Gold Inc., is a Canadian gold development company. The Company advances in two gold projects, namely Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Its Tower Gold Project is located approximately 100 kilometers (km) east of Timmins and hosts a total indicated resource of approximately 4.46 million ounces (Moz) contained gold and a total inferred resource of 8.29 Moz contained gold. The Tower Gold Project hosts nine gold deposits along a nine km long mineralized corridor. The Colomac Gold Project is an open-pit gold project in the Northwest Territories, Canada, 200 km north of the capital city and mining hub Yellowknife. The Colomac Gold Project represents a series of high-grade open pit gold deposits, and gold mineralization remains open on all directions.

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STLLR Gold Inc > Westaway deposit can move the G/T needle at Tower....

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Post by tony1969on Dec 10, 2023 1:13pm

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Post# 35776903

Westaway deposit can move the G/T needle at Tower....

 		Just out of curiosity I went back and checked the date of Moneta's latest MRE. It was in Sept 2022. This was before their 140k meter drill program which still has results for another 20k meters to be made public. In other words we can likely expect another MRE from Moneta sometime I would guess in let's say June 2024 give or take 3 months. I believe that being that a huge part of the 140k meters that were drilled in late 2022 and during 2023 were infill drill holes there is a good chance that a good chunk of those inferred OP ounces in Moneta's last MRE can be upgraded to indicated and be included in the all important PFS likely coming coming in the second half of 2024. That could be a catalyst for ME and now NHK as well....
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 		about 4 hours ago

 				 
@TonyLovesGoldFrom what I see in ME's MRE breakdown from Sept 2022 by area the deposit that would move the needle the most would be the Westaway with about 2 g/t and 1.4 million OP ounces in the inferred category. The rest of the inferred ounces in the other different deposits have a similar .90 g/t or so to the indicated OP ounce. I bet they hit that Westaway deposit fairly hard with infill drilling. It would be great as it is almost exactly twice the grade of ME's PEA figures. Lastly ME has (in the PEA) has 4,338,000 ounces at .90 g/t in the OP indicated category. I know that ME with their infill drilling will likely not move the entire 1.4m ounces OP inferred to OP indicated but being that the grade is double in this area it will make a difference in the g/t of total OP indicated ounces. Just as an example if they do move all of those 1.4m inferred ounces to indicated it would bump up our OP indicated ounces to about 5,750,000 ounces (just the ounces from Westway) with a grade of somewhere around 1.15 g/t. Obviously this will likely not happen as other ounces from other deposits will be brought up to OP indicated but I just wanted to make a point of how important Westway can be. Just some facts to ponder....