Transcript
welcome everyone to the next edition of cisco's six-minute ceo today we're discussing the recently released results from the golden bear a new discovery that cisco made back in june we put out new results just a day or so ago as a follow-up to to that initial hole we had a very good uh result of about 28 grams per ton over uh almost seven meters with that initial discovery hole very much like when we discovered the lynx deposit which is now the central focus uh of the windfall deposit which we are drilling towards the final resource and feasibility study early next year uh the the simplest way to think about golden bear the way i like to think about it today is if this was windfall this might be golden bearer it's it's located about a kilometer to the north of the main deposits first time really in five years that we've had a very serious exploration success doing reconnaissance drilling around windfall we've had to focus because when fall became so big we've had to focus almost all of the drilling we've done in the last five years to do the resource delineation we're coming to the end of that in about the next four to six weeks and and as we coast to the end and finish the infill drilling for the final resource that will lead to the feasibility study we've been releasing drills to golden bear we started with one the results have been turning out very well if you go to the press release released on tuesday september the 14th you'll see some of the numbers but we're currently up to three drills we'll we'll keep adding rigs through the fall we've announced a 50 000 meter program and we're going to start getting busy on that deposit and in the next three diagrams i'm going to show you why in this first figure we show in the center of the diagram this is an airborne magnetics map you can see the windfall deposit in red this is our current 6.1 million ounce resource averaging about 8.5 grams again we expect that with the the completion of the current drill program windfall to come up to about 17 ounces and we expect the grade to come up to about 10 grams per time in the measure indicated in preparation for the fees but that little stirrer located just the north of it uh it's about one kilometer away is where we discovered golden bear it's on a a cross feature we believe it's a splay off the same fault that was responsible for the emplacement of windfall we previously done a little drilling up there had some anomalous results which we were following up on when we discovered golden bear it is a blind discovery there was no surface indication of it there were no surface anomalies or any outcrops that showed gold before this but really what we think we have here is another windfall type deposit uh the the results that we released uh earlier this week we have about 15 new intercepts in the deposit and a lot of them have the very similar grade and very similar alteration very similar geology to the windfall deposit we're talking 67 grams per ton over a couple of meters 62 grams over 2 meters 38 almost 39 grams over two meters these are typically the types of grades that we see in the lynx zone if we move on to slide number two from that initial discovery uh at golden bear shown on the left uh in the black box and where that that yellow star is in in what we call d1 now uh in in the course of following that up we found two other parallel uh zones that that now comprise three in total for golden bear we we we won't be surprised if we find a lot more uh this happened frequently as we were drilling off windfall uh when we found links it was initially links one and i think eventually we got up to about links eight what's interesting is that in that first zone we have about 170 meters of strike length defined so far with just a couple of holes d3 was one of the more recent discoveries from that series of drilling we have one hole in it with a result that we released uh but there's a second hole at the lab now that was the result of about a 250 meter step out we don't have the numbers yet but we suspect it will carry gold uh that would make that zone about 250 meters long you can see the blue lines on that map showing the the two four six 800 meter step outs again this is what we did when we discovered links we started taking the long bombs early on uh so right now we're in the process of drilling out those 400 and 600 meter step outs to see if we can get some significant size to this uh the trick here is is once we we see how long it is that's when we start to really add the drills because you you can't put 15 drills on a new discovery until you really understand where the gold is and how it occurs but if we are successful on those step outs that will certainly accelerate the number of drills that we move over to golden bear because then it essentially just becomes a game of battleship where you're doing infill drilling moving on to that slide number three you can see the zones uh in yellow orange and red those are d one two and three this is a composite section so really we're looking across a width of about 700 meters of thickness uh but what's nice about this is that we have the three zones they're all trending the same direction they have the same general trend uh again in terms of the strike and the plans that we see at windfall uh there and all three of them are displaying those amounts to multiple ounce grades as we see in the windfall deposit it's certainly a good indication for us in these early holes to see such strong grades in the same type of geology it gives us great great hope that this will turn into a very significant system the drilling in golden bear has only just begun uh we we've had about 15 holes into it as i mentioned earlier but with this 50 000 meter program you can guarantee we'll have a lot of holes in it and ideally we'll start to stretch this thing out and start doing some infill drilling uh you won't see a resource on this anytime soon but certainly it will add to the attractiveness of the windfall deposit in terms of its proximity uh to the deposit that's starting to undergo the feasibility studies and that we hope will eventually be our main mine it's close enough that it would be additional ore that would be trucked over to windfall in a mining scenario but really what we like about golden bear is that it proves what we've been saying all along for the last number of years the whole urban berry belt is very prospective we believe that there are multiple deposits all around the belt we've really only scratched the surface of what we've done at windfall again currently 6.1 million ounces going on seven golden bear shaping up to either be a very good satellite or completely parallel deposit but we feel that there are many more of these types of deposits to be found in the area and once we completely infill drilling on windfall we're going to start investigating some of those other parallel fault structures to the north and to the east and to the west of the golden bear deposit certainly the work leading towards windfall becoming a mine is one of our major preoccupations but a good mining company a good exploration company never turn drills off we'll continue drilling with the cash that we have on hands to get through that 50 000 meter program and see where we can take golden bear by next year sum it all up we're hoping for a big year from golden bear we're excited by the results we're seeing so far stay tuned for more results as we go through the fall and into next year from that continued and increased drilling on golden bear again what we think we're on to right now is one plus one might end up making this two thank you very much you
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