Annual General Meeting

A few takeaways:

Fresh back from Alaska and off to London 121 and M&M next week.

US Global last week topped up to 5.3%.  Top half dozen holders own nearly 45% of the company and have capacity to fund it.

Quite a few large mining companies now setting up shop in Alaska.  Rich geology and zero political risk if you're a USA company.  

Another major reviewed PolarX's drill core last week. Interest at a macro level and those that have seen it to date agree it looks to be the right stuff for a fertile porphyry.

Detailed magnetics are spectacularly insightful they say.  The guys are genuinely excited with how well they correspond with on-ground work/drilling to date and therefore the ability to PREDICT more mineralisation . 

Pointed out the possible strike length of the 50m thick from-surface material.  I speculated some short-term numbers on that which weren't dismissed at all.  (see my earlier posts).

Announcement on the Mars deposit due next Monday.  Soils overlay the magnetics and IP perfectly they say.  Saw some pics of that which are impressive scale.

 

Even the focussed soil anomaly measures a staggering 2km x 1.5km which overlays the new magnetics and last years IP work.

 

The12km of Zackly fault (high grade mineralised where it has been drilled over almost 2km to date), has the surface mineralised Mars porphyry target at one end and the covered Zackly SE porphyry target at the other with the 50m thick surface drill hits nearest Zackly SE.

 

Still another 8-9 drill holes to be announced yet.

Met test work and financial modelling being done soon.

A few more insights I'll keep to myself.