STLLR Gold Inc T.STLR

Westaway deposit can move the G/T needle at Tower....

[tony1969]

Just out of curiosity I went back and checked the date of Moneta's latest MRE. It was in Sept 2022. This was before their 140k meter drill program which still has results for another 20k meters to be made public. In other words we can likely expect another MRE from Moneta sometime I would guess in let's say June 2024 give or take 3 months. I believe that being that a huge part of the 140k meters that were drilled in late 2022 and during 2023 were infill drill holes there is a good chance that a good chunk of those inferred OP ounces in Moneta's last MRE can be upgraded to indicated and be included in the all important PFS likely coming coming in the second half of 2024. That could be a catalyst for ME and now NHK as well....

 

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about 4 hours ago

 

@TonyLovesGold From what I see in ME's MRE breakdown from Sept 2022 by area the deposit that would move the needle the most would be the Westaway with about 2 g/t and 1.4 million OP ounces in the inferred category. The rest of the inferred ounces in the other different deposits have a similar .90 g/t or so to the indicated OP ounce. I bet they hit that Westaway deposit fairly hard with infill drilling. It would be great as it is almost exactly twice the grade of ME's PEA figures. Lastly ME has (in the PEA) has 4,338,000 ounces at .90 g/t in the OP indicated category. I know that ME with their infill drilling will likely not move the entire 1.4m ounces OP inferred to OP indicated but being that the grade is double in this area it will make a difference in the g/t of total OP indicated ounces. Just as an example if they do move all of those 1.4m inferred ounces to indicated it would bump up our OP indicated ounces to about 5,750,000 ounces (just the ounces from Westway) with a grade of somewhere around 1.15 g/t. Obviously this will likely not happen as other ounces from other deposits will be brought up to OP indicated but I just wanted to make a point of how important Westway can be. Just some facts to ponder....

[tony1969]

The Westaway deposit alone with the almost 1.4 million ounces of OP inferred ounces at 1.95 g/t is enough to be a decent mine alone for any small exploration company. 100k ounces of production per year for 15 years of OP 2 g/t gold at these prices is not small change. Lastly, can you imagine how much better the economics for Tower would be if the g/t went form the .90 g/t they printed in the PEA