Post by
stockzorg on May 08, 2023 12:13pm
Drilling Started
In 2022 the start of drilling at T/C was reported on May 9, and the first results were reported about two months later on July 12. So I expect to see the first results this year on or before July 11. There could be an interim update as there was last year when they added more drills after the huge step-out hole hit big. My guess is that they will report in June when the two drills become active at Perfect Storm as well.
As with last year, that first step out hole - KK mentioned 300m in one of his interviews - could be very big news. Because of the consistency of this deposit and the significant depth, a 300m step-out at over 1g/ton AuEq would add a very large number of tons to the deposit. KK is also repeating the formula of 1oz. of Au found for every $2 spent drilling. That would easily hold up if the first step out hole looks good.
Do your own due diligence. GLTA. Doug
Comment by
highper on May 10, 2023 2:07pm
Even a step out duster can crystallize investor interest in treaty creek. That would mean the essential deposit boundaries could well be determined this year. The subsequent announcement of the commencement of a prefeasibility study would ordinarily increase a company's valuation. The commencement of a prefeasibility study could also publicly expose any major's interest in treaty creek.