Post by
zack50 on Apr 07, 2024 5:51pm
Calibre potential...
The fact that Calibre is doing ~13K meters of drilling this year and seeing that previously they have been very successful with the drill bit, usually putting out very strong results, I feel confident that future success from one, two or all three of the 3-N areas… Newfoundland, Nicaragua, or Nevada, will obviously have a very positive impact.
I have on multiple occasions stated that when all is done, the VL area in NL will yield ~8M oz. of gold. It’s interesting to note that Ryan King in his conversations with multiple geologists mentions that the majority, by far, see the Valentine Lake opportunity as having great potential and compares the area to an early-stage camp in Timmins, ON or a Val-d’Or, QU… containing similar rocks/ similar geology… an orogenic gold deposit with huge upside.
To date, defined resources cover about 8 km of a 32 km shear zone and there's a secondary shear zone, equal in size, that’s never been looked at or drilled so there’s great potential there.
As Ryan stated in the interview… “Calibre is in the very early Innings here.”
Comment by
brianjames on Apr 07, 2024 9:27pm
Totally agree with your post Cant wait to see how it trades Monday morning. Do we keep the momentum going or do the profit takers come out in the morning? BJ
Comment by
karead on Apr 08, 2024 12:13am
Minor correction... Calibre is doing 130k meters of drilling this year. Not 13k...