On 14 Dec price was 2.1c. Targets as per attached 14 Dec post, 2.3, 2.7, 3.6 were on target.
New targets.
5c, 6.2c, 9.2c.
Spq is holding well after rising plus 100% the last 2 weeks.
There is no historic resistant above 4.3c over the last 5 years. That's very important if your a resistance /support TA trader.
I focus on these, versus fib and momentum as those tend to lag wheris resistance and support points are real time fight locations between the buyer and seller.
We have 9 steam engine assays due, these are from the southern portion and outside the present resource.
We have a resource upgrade, some 2021 holes were into the present resource and returned high grade on blocks that the jorc calculated as low.
So this resource upgrade will see some existing jorc blocks upgraded as an added bonus.
Based on the resource and what I see in the south, maybe 225k to 250k oz.
If so that would double a mine plan. Potential is 2m a month cash versus 1m..
No deep drilling has occurred in the south, tertiary gravels not tested outside soils and dinner creek potentially larger than steam engine and Eastern.
Drilling at dinner creek returned low grade, I believe because on the edge as they are at bottletree..
2022 should yield better results than 2021 and its possible if gold extends into the tertiaries to the south and sw of steam engine and they get onto dinner creek, oz tally could be 1m oz.
These tertiary gravels are important because they are secondary water carried gold that did shed from a primary. Steam engine us the most likely erosion point.
Spr is onto gold that's yielding 50g to 100g in dome assays. As the assays are plus 1m at these grades, those hits are not a leeder shit, but the main orebody
This bodes well for drilling more s and sw for a shed out.
That's just gold, copper at bottletree is something else, I do not comment much on the copper as I have mined gold and been involved with it for 40 years. Ie I can't input as much into copper as that's not my area.
But I am excited on the gold. Esp these 50g plus hits.
5, 6.2, 9.2. If achieved, ill put out my next set.
For the above to occur, we need gold results and indication on bottletree as its apparent they need to be more west.
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