Diamond Core Assays Up To 260.89 g/t Au + 2800 g/t Ag Some extremely high grade hits happening in the new vein zone.
Important to note. The company drilled just two holes in its last program. Hit on both of them in the exact horizon managers expected to hit.
This means management has a handle on depositional controls. The more they drill, the more they will keep hitting. Just a matter of when, not if they hit a massive market making hole.
Geophysics, metallurgy and, more to come I'm hearing!
With gold market so strong. Managers really want to take a run at the deposit this year with 10+ holes into Gravel Creek and another 10+ holes into Doby George. With the aim to upgrade both resource estimates before year end.
Management doesn't want to upgrade those estimate right this second because they believe after this next round of drilling they will be adding 500koz - 1moz to their already solid 1.6moz on the Aura Project overall.
I doubt managers will raise down at these levels, some easy money to be made as the stock walks its way back above $1.00 over the coming weeks is my guess.
Really solid advanced stage gold project with past production and a pathway to 50-60koz production restart from open pits by 2026. Expanding to 150koz+ by 2028 with the advancement of underground production.
At that size, this is a solid acquisition for a major. Agnico already involved here with 17%. Also I'm told the company has options with Barrick/Newmont JV to add even more ground. Potentially ground with existing ounces on it!
At these prices, what's not to love!