The benefits of continuousf mineralization Butia and FDP are blessed with drill intercepts that show gold mineralization of 1+ grams per ton that extend continously for 100 meters or so.
One of the obvious benefits of such a gold distribution other than cheap bulk mining is that much fewer drill holes are needed to arrive at a resource estimate ...as opposed to gold veins which require high density drilling to fully delineate.
Only 87 drill holes were needed for Butia.
I provide another example below for SGD whose gold deposit of 1+ grams also has continous gold mineralization.
Just 68 drill holes were needed to define a resource of over 7 million ounces.
So, the delay in assay reporting here is most probably related to arriving at the required number of holes such that a resource estimate can be made for FDP and perhaphs..if drill connected...both FDP and Butia combined.
That the systematic drill pattern...spaced 50 meters on Center....makes this an almost certainly.
Keep buying on weakness such as the insiders are doing ...they know the outcome
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Initial mineral resource estimate overview
The initial MRE for the Valley deposit is prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in National Instrument 43-101. The initial revenue factor 0.72 pit-shell-constrained MRE contains indicated mineral resources of 76 million tonnes at 1.66 grams per tonne gold for 4.05 million ounces gold in addition to inferred mineral resources of 81 mt at 1.25 g/t Au for 3.26 million ounces gold, using a 0.4 g/t Au cut-off grade.
The estimate is based on 27,911 metres of drill data from all 68 holes at Valley available as of May 15, 2024, prior to the commencement of Snowline's continuing 2024 drill campaign. Work is under way to expand on the initial MRE, which supports Snowline's view that Valley has encouraging potential to host a long-life, high-quality gold mine.