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Crazy-Trader

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17/11/20

13:33

Post #: 48930677
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Originally posted by apkjm: ↑

Hope that helps mate !

Highlights:
Binding Heads of Agreement for the acquisition of the high-grade Santa Teresa Gold Project in Baja California, Mexico
Concurrently negotiated non-binding terms for up to a US$20M financing to fund development activities on the Project via a gold streaming and royalty arrangement to be provided by Raptor Capital International
32 diamond holes have been drilled into the project1 delivering numerous high grade intersections including:
2m @ 32.4g/t gold from 19m
1m @ 958.4g/t gold from 239m
2.5m @ 38g/t gold from 174m
3.9m @ 39g/t gold from 121m
3m @ 19.9g/t gold from 214m
1m @ 125.9 g/t gold from 83m
3.1 @ 14.4g/t gold from 59m
3.1m @ 16g/t gold from 101m
Santa Teresa has an existing non-JORC2 Inferred Mineral Resource estimate of 64,000oz Au Inferred grading at 8.7g/t, reported at a 4g/t cut- off. However, individual assay grades were capped to 20g/t
Historical production in the surrounding El Alamo district estimated between 100,000 to 200,000oz Au
Exploration upside and opportunity to expand current mineralisation due to the under-explored nature of the tenements and the gold rich nature of the district

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Bonanza grades, me like.
CRL Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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