TSXV:RUSH - Post Discussion
Post by
Yaman123 on Mar 09, 2021 5:02pm
Another one ...
Lately the volumes and the share price have risen, so the sentiment is the share price will rise in the short term. In the video interview posted above, there are great analogs for what $PUC may have at the Brewer. If there is, say, a Timok-type gold and copper system, HSE deposit plus a porphyry deposit below, the ore body will be very valuable if grades are continuous. We need to see more drill holes below the former pit before any economic calculations of the price of the market cap and the share price are possible. The recent partial (!) assays from the last week were impressive with very wide intercepts of +1gpt gold in holes that are mineralized all the way and ending with mineralization. That those holes were over 100 meters apart and well-mineralized can, of course, give some clue of how many ounces of gold there could exist just under the former pit; and we do not know the Cu grades before the company has got all the assays... More drilling is needed to get a three dimensional view of the possible deposit size below the old pit and the grades within. On top of these bedrock targets, the back filled old pit could also have gold in the formerly mined sulphide materials. Assays from the pending sonic drill hole results will give more clues about the gold values the pit has. Brewer was an oxide gold mine in those days, so the sulphide ores were not extracted for gold. This is still very early days, but the Phase 1 had a very successful start in hitting wide intercepts of gold with the first holes.
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