Post by
abc123man on Jan 18, 2024 2:58pm
Good backers but is it what they are saying it is?
Team seems really confident about this property, while name dropping red lake and great bear project. But are they even comparable. My understanding is red lake was older Balmer rock 2.99ga with distinct geochemical primitive trace rare earth element. 95% of all gold was mined 500 m of a major 300ma uncomformity. Dry flagship doesn't have any of these characteristics, aside from it being highly folded and Faulted. But even then their gold looks dominantly quartz vein hosted. Those gold grades are spectacular. But we all know quartz gold veins have the tendency to be very narrow and extremely discontinuous. Watch out for grade smearing in these cases. There is anomalous gold around their 8.5m at 3497 gt is actually 8.5m at 4.9 capped at 50gt. Aside from one 8.7 gt au all others are sub 2.6gt. Going forward I hope to see good models and a true definition of the gold host.
Imo, they are dreaming a bit. But the catalyst for me are continued high grade to sw of big Master. Maybe there is a possibility for narrow vein selective mining, that'll be a future talking point.
Comment by
Bucky86 on Jan 18, 2024 4:44pm
Anyone know when they are to announce drill results from Nov and Dec? I know they are drilling more now in Jan... I'm interested in this company...with good results on the drills, they could be bought out.
Comment by
abc123man on Jan 19, 2024 4:21pm
Depends, they announced they did some drilling in Nov dec and plan on doing some more this new year. Short programs. The results usually come 1 to 2 months after completion. But they might wait till they are done 24 drilling.