Post by
mattbigham on May 05, 2021 3:04pm
Greg's Bloor St. Capital interview
1200 g/t historic grades at Keno.
Average mine grade in the industry is 300 g/t
Alexco is 800 g/t Ag and 1133 g/t Ag Eq
Alexco Resources ramping up on F&M and Bermingham-Bermingham is over 1200 g/t
4-5 M oz PURE SILVER production annually.
We came into the district in 2016 and consolidated a 166 km land position from 40 different owners.
Same high grades as in the west plus bulk tonnage systems in the East.
We are building on Alexco's exploration success.
We are looking to discover a minimum of 50 milion oz deposits like Bermingham.
Advance stage targets in the west and applying modern exploration tools in the east,discovering twelve multi-km targets.
There are 15 kilometres of similar geology to the west that was unexplored with modern techniques.
We hit on 26 of 30 holes on first pass drilling. Potential larger bulk tonnage results.
Last results were from Formo with pretty spectacular numbers-up to 3,500 g/t silver. Mineable widths.Follow up drilling in 2021.
We will test the other 11 targets this summer as we did with the Fox sector last summer.
Magnetics on the map pattern in the east - they became larger.Similar to Penasquito.
Setting is similar geologically. It may not be as big as Penasquito but it is higher grade. We may be close to the sources of mineralization.
Open pit or underground mining scenarios-a combination.
2021: Mobilising in May.Drills turning in June. Two RC drills and add a diamond drill.Minimum 10,000 m and probably larger.
La Plata project-still completing some of the 2020 work program but expect an update pretty soon. Permits in hand for a drilling campaign in late spring.
The east could provide a game-changer as we hit for the fences.
We are at the early days of the commodity cycle and we will see consolidation.Producers are not explorers and Keno Hill stands out for political risk with an operating
mine,grades and size of district.
We see a number of ways to add value-easy to JV or toll with Alexco. A bigger silver discovery will attract major silver producers interest.
Yukon is a mining territory and is mining focused and friendly.
Advancing our alluvial portfolio. The time is right for the sector to bounce and rising silver prices will attract investors to the mining sector.