This week coming up we should get an update on some of the holes that have recently been finished. It should be noted that the first few holes normally don’t find the deposit but hit the alteration and we know this is the case so far.
The alteration will help in vectoring into where the deposit is likely to be, we know we have sulphides and the shear zone has been intersected. One of the holes has been substantially deepened to investigate the extent of the shear and capital has been raised as holes will become expensive ~$300k each to these depths of 1km. We need to consider that the mineralisation will occur in or near veining and hence hitting it may require a few holes to understand the veins and angles these run.
Best of luck holders, we might have a great week.
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Ann: Operations Update 64North Project Alaska, page-14
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