2017-2018 Exploration use of proceeds
A budget of US$300,000 was used in a multi-disciplined program, including:
Near term potential to expand the current resource
Results: Mineralization follows newly identified structural controls and feeders whose strike and depth potential remain unexplored. There is potential to add ounces by drilling along strike and dip.Potential to improve the grade of the current resource
untested high-grade potential that follows high angle structures, and
includes feeder zone potential, may have been underestimated by previous
dominantly vertical delineation drill programs. An angled drill program
or a bulk sample has potential to show improved overall grade by
including more of these observe vertical controls.
Project scale new discovery potential
The recognition of two mineralizing events and a previously unknown high sulphidation exploration potential has led to the recognition of several paths to new discovery that remains untested to date.Intrusion related mineralization:
Epithermal related mineralization
The discovery of important exploration indicators in outcrop.
An important new exploration model
The 2017-18 exploration program resulted in the discovery of an untested and mineralized epithermal system with a high grade discovery potential based on results to date, this includes the possibility that a preserved high sulphidation mineralization underlies the project area. This has the potential to become a game changer for the project because of its untested high-grade new discovery potential.This will be tested with additional exploration and drilling.
2019 Exploration Plans