Trenches are able to be used within a JORC. Obviously there is...

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Kalenn

10,590 Posts.

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07/03/24

10:53

Post #: 72789118
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Originally posted by rusty02: ↑

Thx for sharing K

SolGold is far more advanced and near term. Articulates how bankable SolGold is. (JORC and Pre Feasibility concluded) STM now need to show the road to bankability moving forward. IMO part of why the market is on hold. STM need to provide drill results, get the resources touching 5mlozeq or better and JORC.

Not sure whether trenching and deriving an estimate through surface works is bankable and I would think any Industry Provider or the Ecuadorian Gov will reciprocate until some JORCed complianced results are provided.

There is huge potential with STM's leases and I hope
there is a backer willing to fund the development through the JORC and Study phase soon.

Definitely shows the interest in Ecuador Gold mines and there is capital available to fund developing explorers that are ticking boxes.
Very positive and this development could present opportunities.
Thx again K

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Trenches are able to be used within a JORC. Obviously there is drilling as well and no doubt more to come.

Not sure I want a big partner at this point, the dilution from a series of smaller raises on the back of exploration success will see far less dilution IMO.

Also worth keeping in mind that SolGold are 12.5% loan carried partners in Bramaderos (but not El palmar) and this could paly out in interesting ways down the track.

STM Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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