Wisguy1 from CEO.CA sent Quinton Hennigh some emails and got very interesting responses:

QH email #1:

“Bit of patience needed with the aboriginals. As always. The delay with heritage clearance should be no more than a month.

The GPR looks like it works great. It is helping us vector on the swales in which it looks like the gold may be concentrated. This may allow us to target areas across the terrace as a whole. While we wait for clearance, we are opening some fresh trenches in proximity of previous trenches to help us better see distribution of nuggets. The previous owner did not collect any meaningful data. So far, we are encouraged, because nuggets look like they are distributed over most of the length of these trenches. It was hard to see the big picture from the small pits we started with. So far, we are quite positive on Egina. We just need to be able to step out further with our exploration.

The option study for Beatons looks like it will be robust. We are now looking at our other assets in the area and how they might compliment the picture. We see the value from BC crystallizing within the next couple months.

I was out at Karratha last week looking at the areas for potential trial mining. We are working on those plans now.

The interview was scheduled weeks ago. Just happened to pick a time when we are busy working away and not much to report yet.”

QH email #2:

“I think we can see outcome (monetization, production and or cash flow) out of BC by year end. That is why we have put a lot of effort into getting it ready lately.

As for Egina, we have just started the first phase of a three phase program planned with Sumitomo. All three phase could take 2-3 years. But, the idea is we can push things to production with this plan. That is if the exploration proves successful.” 

 

(Note: This is not investment advice and I am not a geologist. Always do your own due diligence. I own a lot of shares of Novo Resources which I have bought in the open market and am thus biased. Novo is a passive banner sponsor on my site. )

Best regards,

The Hedgeless Horseman

Follow me on twitter: https://twitter.com/Comm_Invest

Follow me on CEO.ca: https://ceo.ca/@hhorseman

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