What are your thoughts on the company using gold price at $1200?
Ore Reserves are going to increase a lot if they can update that, right?
Company also made some deep drilling under Miraflores (Although didn't find anything sgnificant, what they found may increase resources and they can keep on drilling at deepth?
The important thing is the project is shovel ready for 50KOZ right?
Which is pretty good as a starter project.
27/09/2022
Miraflores drill hole QMDH61 was commissioned on the back of encouraging results from two very
deep holes drilled earlier in 20223
that suggested Miraflores’ mineralisation may extend beyond the
base of the Miraflores Resource envelopes established in 2017. QMDH61 passed through altered
wall rock basalts before entering mineralised breccia at 151.6m and continued through the breccia
pipe for a total of 519.1m, ending at 670.7m in hydrothermal breccia. The breccia pipe, the host to
the gold mineralisation, therefore remains open at depth and to the west (Figure 2), and beyond the
previously modelled perimeter.
Of significant interest is the interpreted intersection of the depth extension of the vein 880 ore shoot,
the principal ore shoot within the Miraflores Resource. This was intersected at 326.3m downhole, 70m
below the Resource modelling, and reported 1.7 meters at 26.6g/t Au. This high grade ore shoot
remains open at depth.
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