Post by GraviTeeon May 16, 2025 12:11pm
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Post# 36576673
So they're gonna explore meaning they are going to drill
So they're gonna explore meaning they are going to drillThey don't have the funds for a ramp.
They don't have the funds with this latest cash infusion to accomplish much with the drill either.
Drilling down 500 plus meters to reach micro breccia deposits is costly, unlike the numerous epithermal deposits around the globe drilling up high grade gold within 100 meter depths on average.
5 times these depths will chew up another season of funding here similiar to the former in no time flat. Attempting to prove up more high grade that from where the previous drill seasons efforts indicate, will only give up more of the same - and not near enough of it to prove economical to mine.
More high grade quite possibly may come of the drill this season boosing the sp a couple times, but there is no motherlode of micro breccia gold to be had.
This is a vehicle for some to make a living with, but not for those who joined themselves at the hip with this to ever pay off for.