NVA - Snow Lake Resources, page-46

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razzledazzle01

12 Posts.

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28/12/18

09:59

Post #: 36970335
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“Due to delays at Estelle, we are disappointed that Maiden JORC estimate will have to be delayed until mid-next year.” Avi on Oct 2018 corporate update.

JORC by mid next year would be nice given the way the gold market is improving.. Time will tell I guess

Originally posted by wombat777 ↑

Snow Lake - their general plan of attack is effectively:

1. Drilling Q1
2. Resource modelling and update Q2
3. NI 43-101 format Preliminary Economic Analysis Q3.

This largely follows their original objective of a PEA by Q3 2019.

I think we’ll see more news on strategy once IPO has been completed. Anticipating this will occur Q1 or Q2.

Estelle - effectively I think we’ll see a plan for JORC by year end. Remember they need to wait for Alaska Spring/Summer for drilling.

They have the equipment now. Remember there were delays in mobilising equipment to site this year. They also had trouble getting drill tuned is my understanding.

In 2018 because of mobilisation problems they started drilling perhaps 4-8 weeks later than originally planned. From memory this was August and winter set in earlier than expected.

I’m keen for an aggressive drill/exploration campaign cover a 4-5 month window. From memory they are also planning further IP surveys and channel samples ( this would be essentially to add to background data for a JORC ). Recollection from AGM is that some of the exploration team for Snow Lake may help with Estelle once key work has been done for Snow Lake ( some of these people have strong gold exploration/development/mining experience).

Difficult and time consuming for me to check facts from announcements at present. Hopefully others can share what they recall or their views.

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NVA Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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NVA - Snow Lake Resources, page-46

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