Just so everyone's knows...
The JV over at Burnside has a little clause whereby KIRK can clawback 90% of any silver or gold JORC by paying 3x expenditure within 6 months of the PFS.
Now the interesting part is the 90% silver or gold clause. Notice at Moline the high grade zinc and lead hits? Well if we firm up a JORC whereby the gold and silver deposit is <90% by metal value... Then the clawback is void! A gold or silver deposit is defined as having a metal value greater then 90% by metal value...
So hopefully they focus the drill bits around those high zinc/lead/silver/gold regions eh!
Further... KIRK own a nearby plant that is setup for treating oxide not sulphide ore. All our drilling is into the sulphide, below previously striped oxide. If they did clawback 90%... they would need to spend many many millions changing their plant to treat the sulphide ore.
So though there is a chance of this clawback... But In my eyes it's fairly small.
Drilling at burnside later in the year I think?
Just so everyone's knows... The JV over at Burnside has a little...
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