megacopper wrote: I'm not sure how they can say they are fully funded to carry out a 10 - 15k meter drill program with a 20 - 25 man camp at Gochager. Did they find an extra few million bucks we didn't know about. Lol
The first drilling this year was conducted on the Albert Lake Project, testing high-priority targets where multiple geophysical, geochemical, and geological indicators point to the presence of a potential deposit. In addition, further geophysical test work was conducted. According to Couloir Capital's estimates, the assays from the drilling campaign should be published by the end of April. Following the completion of this work and the activities planned for the Gochager Lake Property outlined below, some follow-up surveys (mapping, prospecting, geochemistry, EM, LiDAR) and more diamond drilling are planned in the year's second half.
The Gochager Lake Property will be drilled after the Albert Lake Project, targeting deep BHEM in-hole and off-hole conductors to test for the presence of the 'feeder' zone and associated mineralization, as outlined in the Gochager Lake Project (GLP) section. Follow-up EM and gravity surveys are planned. In the second half of the year, after results from the initial work are known and can be used to plan further exploration, the property will see more drilling and other exploration work before the year ends. The Company has also applied for an additional exploration permit for the Gochager Lake Property, which will enable the establishment of a 20-25-person exploration camp and extensive drilling (10,000 m - 15,000 m), amongst other things.
The Company is well-funded to carry out its exploration programs in 2024, and we can expect ample news flow throughout the year. The visual inspection of the drill core coming out of the ground should indicate the presence of sulphides, with assays to follow a few weeks later. We expect this cycle of visual inspection and assays to be repeated twice this year on each property, which will be exciting to follow."