Ann: Continuous Gold Mineralisation from Surface at Korbel, page-273

Very thrilled, excited and enthusiastic performance i must say, very interested from minute 8 to 10:15

I heard CG said BFS next year based on Korbel Blocks A and B besides the other 15 Blocks, so can we expect early mining based on the BFS next year so early cashflow for the Co ?

I also heard CG says decision to mine in 2023/2024 ? Bit confusing, are they going for early mining maybe next year for early revenue or will it be 2023/2024 ?? enlighten me


I quote:

The current plan calls for the Indicated Study to be completed by December 2020, with ore sorting, feasibility and baseline environmental studies to commence simultaneously.

We expect to be in a position to deliver this interim JORC Inferred Resource Estimate for Block B “Starter Pit” in August 2020. Results from the remaining 36 holes are to be incorporated into our Stage Two JORC Resource Estimate - including Indicated tonnes – for both Blocks A and B to be completed in December 2020. In anticipation of generating an Indicated Resource on which economic studies can be built, the Company is planning to commence feasibility and other studies in Q4, thereby moving the Estelle Gold Project one vital step closer to production.