Ann: Estelle Gold Project Drilling to Commence & Company Update, page-2

Looks like a fine plan to progress towards PFS.

Pad 23-1 (North Uphill, I believe) shows as low grade inferred. I think that would be due to the outdated MRE and block model? So the grade/confidence is already due for an improvement (from the pending MRE), but they intend to upgrade the North Uphill section further anyway (with shallow drilling, which matches the outdated inferred blocks at least).

So they're not planning a 'further uphill' pad, but a 'beside Uphill to get a different angle'. If we're doing shallow drilling only, then maybe Further Uphill would have been tough.

So the shallow drilling is likely the quickest/cheapest way to upgrade North Uphill for inclusion in PFS. It's probably more valuable than South/Valley in any case (sharing mining costs with North, having fine grade, and low waste).


It also gives an indication about construction. An RPM starter if self funding, everywhere at once if a partner steps in.