Re: Share price movement
in response to
by
posted on
Aug 24, 2020 07:18AM
Morning WB,
Agree a new resource report will be significant to the share price but would add that a PEA could be more important. So far a significant part the existing resource is in the 'indicated' category and this has to be updraded to the measured level. I would not dscount the Courvan Creek Zone given the last release, stacked sets of dipping veins adjacent to sheared mafic dykes in the Bourlamaque granitodiorite with the higher gold concentrations could lift the boat and surprise.
The Detour Quebec play could be significant but it seems to be a a long way out. The Cadillac Break is more important geologically and extends from Kirkland Lake to southeast of Val d'Or. The latter has numerous significant gold deposits in this bedrock structure that has produced millions of gold ounces over the past hundred years. The plumbing system that permitted gold bearing gases and fluids to excape to near surface and the permeable zones [traps] within the near surface rock, 1000m, where the temperature/pressure dropped permitting the gold being deposited resulted in many economic gold deposits.
Prb just has too many priority projects, a good thing maybe but it takes time to prove up a resource.
mh