RE:RE:RE:RE:drill resultsi contacted IR yesterday und received the following e-mail:
"Our team was very excited to see the results of the 1st hole in mid January,
Borehole PUD 267 intercepted 10 meters of mineralization grading 147 g/t silver, 9.8% zinc, and 2.0% lead (539 g/t AgEq)
within 35.5 meter mineralization grading 230 g/t AgEq starting 31.5 meters downhole.
There was further encouragement when cores of several holes further west looked similar to 267
i.e. highly altered sulphide rock similar to those bearing some of highest grade intercepts in prior Pulacayo holes.
Upon receiving assays, we learned western holes didn't produce results.
PUD267 extended the strike by 80meters (from existing 1.5km). Pending further infill drilling, it's possible add several million of silver oz
right next to currently defined resource. This is not insignificant. For a very modest drill campaign of 2,600 meters. We have no complaints.
We drilled Pulacayo West surface area first as it is an extension of Pulacayo system. Any new discovery is to be integrated to existing resource model and mine plan.
We will now be focusing on other exploration targets that are just as prospective, and possibly more so, given there are dozens of surface samples which assayed silver , lead zinc at Paca north, Pacamayo, Pero, and El Abra. We will be planning further drilling after further mapping and research, likely April.
Additionally, we will proceed with economic studies on existing Pulacayo and Paca resource. Paca is shallow, and Pulacayo resource is accessible via existing tunnels.
Those are combined over 55 million high grade silver oz (Pulacayo 37M, Paca 21M).
Lastly, while Tajo vein on surface appears to be confined to 1.5km strike, the exploration does not end there. Several geologists and mine experts
that visited Pulacayo recently have commented on high probability of Tajo vein extension beyond current workings at depth.
We are looking to bring in additional geological talent to help with this big system in a big district, to
generate best results and create shareholder value.
Share price is all the way back to when we introduced Pualcayo to investors in August 2019.
Pulacayo is one of very few high grade silver deposits within public listed companies that can turn into a mine of scale
and we don't believe the share price reflects such.
I trust the email put the Pulacayo West results within proper context.
John Lee" and here are my Q&A with J.Lee Hello,
could you please answer my questions:
1.after recent bad drill results does Prophecy Dev. plan further a listing at AMEX?
JOHN LEE: we will continue to monitor the conditions throughout 2020.
- In previous presentation one of goals for 2020 was to get an analyst coverage. In the current presentation this goal is not present. Does it mean, it's no more relevant for 2020?
JOHN LEE: this is our goal and we have met many analysts in the last several weeks
- Is the Gibelliny being developed accrording to the plan below?. ( Notice of Intent in Q1,2020?)
JOHN LEE: yes