Post by
Stockpicks96 on Jun 01, 2024 10:49pm
Deep Drilling This Year
At the emerging growth conference this past week, when Tim was asked about follow-up drilling around the eastern trend later this year, he said a few interesting things...
1) Dr. Coller has been re-engaged in further modelling the Moosehead deposit. Together they believe that the entire Moosehead property is linked at depth, likely around the 1000m level.
2) Dr. Coller will be guiding them in deep drilling. No idea how many holes will be drilled or where they will be drilled specifically, but deep drilling is happening this year based on Dr. Collers recommendations.
Make no mistake, deep drilling is HUGE for us. If they hit continuous high-grade mineralization around 800-1000m this stock will race to a 100m+ market cap or higher in short order.
A few major steps forward at Moosehead and a nice set of discovery holes on Fleur de Lys really has me thinking this could be our comeback year. Outside of NFG, the other Newfoundland juniors aren't really showing me anything to think any of them will move again. Time will tell.
Cheers