TTM (ASX) Ann: Drilling Commenced at Copper Ridge Prospect Linderos Project

Originally posted by Danemichael: ↑

I emailed Matty Carr yesterday asking why the focus has shifted off Dynasty and here is his reply.
TTMs future is looking bright imo.

The focus has shifted in the short term. The decision was based on new information that our Geological team think will demonstrate a system that potentially will be much bigger than we initially believed. We have Geologists on the ground doing the layers of geological work via a systematic approach. Mike Skead is developing a robust Geological model that will then underpin a good JORC resource model. There was Data emerging from the 2021 drilling that the system looks to be 2 different mineralisation events with the potential for a large scale Porphyry in Cerro Verde that is associated with the Epithermal gold system which forms the 2.1mozau and the 16.8moz Ag. We have had Dr Scott Halle a renowned Geochemist review the Data with Mike Skead and they think it is possible we have a large scale Copper/Gold porphyry dipping to the South of Cerro Verde that is associated with the Epithermal gold system. We have a team out doing the Geochim on this area and the foot print is expanding and growing. As previously reported, we intersected 102m at 1.46g/t Au which Scott thinks we might have just clipped the edge of this Kaliman porphyry. It is a very interesting development for us. The next step was we wanted a high quality structural geologist go and review the previous work on the Epithermal that will be pivotal for future drilling and help with the new model. We have Nick Oliver coming to site to do this work. All of this work to date helps formulate a much better future outcome. We can show serious size and scale on 2 fronts at Dynasty. We can drill on absolute merit and have exciting targets to test. * We have learnt to date that from the 2021 drilling the resource as defined in the NI 43-101 is certainly there. * The grades are better and the widths are better than what is in the 43-101. * It has shown it extends along strike and down dip. * This goes with the previous group who trial mined it for 3 years which when we reviewed the mine to model reconciliation there was higher tonnage, the grade in that area was down 15% but there was 40% more gold extracted that what was reported in the NI 43-101. If we wanted to complete the JORC to publish in the market, we needed to go and drill Papayal and then we could come out with the first JORC compliant resource. We felt to spend the capital only to demonstrate the Ni-43-101 is compliant to a JORC was not the best spend for our money in the near term given what we know and the strong confidence in the NI 43-101 and now the emerging data that had come to hand and the opportunity that existed. Coming out with a JORC would have given us a short term bump but we would have spent a lot of money not learning anything new about this asset and meant ignoring critical data that had emerged. The level of work and layers now being built is terrific. Mike Skead and Pablo Morelli know how to develop a model that will stand up internationally and be something that can grow. The intent is to be back drilling straight after the Linderos campaign and then test the Kaliman Porphyry and start to step out along strike in the areas not yet tested with drilling. It is frustrating to wait but we believe the patience will be rewarded because high quality field work and Geological model being built that is being done. Happy to chat anytime. Regards, Matt.

Expand

Allow me to translate:

"We lied for 2-3 years straight by continuously stating that a JORC compliant resource estimate was imminent to pump SP up while we did a number of capital raises whilst having no intention of ever producing a JORC. After we raised the capital we were happy to let the price fall so we could make a number of significant purchases at an undervalue."

So the Canadian estimate is great and reliable hey? Why on earth did they bother drilling in the first place then???

This is the 2nd most scummiest bunch of Disallowed salesman I've ever invested in.

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(20min delay)
Last 44.5¢		Change -0.005(1.11%)		Mkt cap ! $81.83M

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45.0¢	45.0¢	44.0¢	$8.341K	18.61K

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