Ann: Significant High-grade Gold-Copper Intersections at Calibre, page-35

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Shines2

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24/11/20

22:25

Post #: 49116007
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Originally posted by Onceover: ↑

Sounds to me like a cost over-run on the drilling that they have just completed. Which is pretty normal for a deep drilling program like this. It's always a battle between equipment and ground conditions. They have now finished the drilling for the year, spent $3M more than intended and got 2,500 less metres drilled than intended. But the results are great, and they would not have kept going and spending if they weren't given the OK to do so from higher up. If they were to stop and re-estimate the resource at this point, they would have added very significantly to the contained ounces. Definitely a Winu-sized system. Potential for a bulk-tonnage, low grade 5Moz+ gold operation.

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Hey @Onceover. Just want to ask if your 5Moz+ gold estimation is for Calibre or all of AZY'S projects?

I'm not a Geo, but based on the size of area drilled outside the resource outline of 2017 @ Calibre, I think a nice upgrade lies ahead. But I'm going to have a very conservative guess, so as not to have my expectations smashed, somewhere at 2Moz gold @1g/t would be a figure I'd be very content with at this stage

Do you think we may have a resource upgrade next month & do you think there'll be more significant drilling of the Calibre deposit in near future?

Last edited by Shines2: 24/11/20

AZY Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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