Post by Yepnewpapyon Jan 29, 2025 3:51pm
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Post# 36426882
Main asset '''THE OLD MUSCOCHO''''
Main asset '''THE OLD MUSCOCHO''''LOCATION : MONTAUBAN IN PORTNEUF 90 minutes drive on asphalted highway from Montreal or Quebec city
The play: with the blessingof the municipality ESAU have all permits to reprocess old tailings containing Au, Ag and Mica
The mineral resources estimation for the Montauban and the Notre-Dame-de-Montauban
Montauban tailings Au (g/t) Ag (g/t) AuEq (g/t) Tonnes Au Oz Ag Oz AuOz eq
Indicated 0.40 31 0.78 603 700 7 800 610,350 15 000
Inferred 0.34 28 0.67 292 000 3 150 258 900 6 400
Notre-Dame-de-Montauban tailings
Au (g/t) Ag (g/t) AuEq (g/t) Tonnes Au Oz Ag Oz AuOz eq
Inferred 1.21 137 2.84 27 300 1 050 120 200 2 500
Total Indicated 0.40 31.45 0.77 603 700 7 800 610 350 15 000
Total Inferred 0.41 36.93 0.87 319 300 4 200 379 100 8 900
Near Surface Potential 1M+ tons
Based on Historical independent reports NI 43-101 (J. Marchand) 2003 )
Gold Silver
3.6 g/t+ 29 g/t+
125,000 oz Au 817,000 oz Ag
On site now ...all buildings, all processing equipment, water, Hydro Power road access
Financing is progressing when done it will take less than 24 m onths to generate an after tax of 20,000,000$ +
After the tailings we still have small veins that were no economical 15 years ago but now with current Au & Ag price it is economical
all these vains are well identified in the 43-101 report and PEA report
Fully diluted S/O 59,000,000
GLTA....
Stock in my view is a great buy not many opportunities like that