RE:RE:Rough Scoping of HD Mine Updated FSI forgot to add the probable addition of early mining of the Gabbro pit of the Stoger Tight mine to pre production cash flows for the HD+ updated FS.
Stoger has 46,000 ounces of Reserves of which 26,000 ounces is located in the fully permitted Gabbro
pit.
Maritime plans to drill the Gabbro pit with another 3000 meters as additional infill and definition drilling to ensure that the economic grade ore to be mined has acceptable spatial location statistics.
That will take just 2-3 months at a cost of $500,000 .
So, it's not unlikely that by Q2 of 2025, the Gabbro pit will be available to resume mining.
Even if it is just 5000 ounces , the net cash inflow should be $8 million or so which would along with stockpiles and Boot Strap test mining of HD could eliminate any need for additional financing to resume commercial mining of the HD mine.
2022 Reserves News Release for Stoger
https://www.gov.nl.ca/ecc/files/EA-2216-Registration.pdf