Good evening.
Just felt the need to curb the enthusiasm, if just a little.
The news release makes reference to 2 906 000 tonnes, yielding 822 000 oz Au in the inferred category. This is in addition to 1 665 000 tonnes in the indicated category, yielding 538 000 oz Au.
Equals 1.63 M oz.
Still, a tremendous increase over the first resource est.
Also, this refers to the entire Windfall deposit, excluding the most recent drill results. Most of the defined deposit consists of elusive zones well beneath the surface ("up to 500m deep"). By elusive, I mean that from the beginning they have been a challenge to decipher, but it appears EAG has made significant progress since they took over the program from NOT. Few if any would appear to be amenable to open-pit mining. That said, the news release makes reference to newer near-surface intersections not yet included in the resource estimate:
"In addition to the updated resource calculation, recent near surface drilling at Windfall Lake has identified gold mineralization that could potentially be extracted by open-pit. Several near-surface, wide intercepts of significant grade have led the company to augment the current program to examine this potential with additional drilling."
I stand to be corrected, but this is the first time open pit mining has really been entertained at Windfall. It is an interesting prospect, but does not have reference to any of the indicated or inferred resource so far defined.
Respectfully,
Longtime Windfall observer
