Mike Bandrowski, President and CEO of Big Ridge Gold (TSX.V:BRAU – OTCQB:ALVLF) joins us to recap the next tranche of 10 drill results, released April 26th, at the Hope Brooke Gold Project in Newfoundland. 23 holes have been released so far out of the 50 holes that have been drilled, so far from the Phase 1, 25,000 meter drill program, with all of the holes intersecting gold mineralization.
We have Mike outline where the drilling has been focused so far at the Main Zone and 240 Zone as it moves to the southwest and at depth to possibly connect these two resource areas. There will also be drilling at depth under the Main Zone and 240 Zone, and then finally some shallow drilling in the NorthEast Extension Zone which is currently undrilled, but shows promise on the geophysics work completed thus far.
The Hope Brooke Project already has nearly 1million ounces of gold in a resource with the goal of continuing to grow the total ounces and update the resource estimate the beginning of next year, and then start working on a economic study to highlight the viability of the deposit. The study has not been updated since 2012, and that was at much lower gold prices, and it didn’t account for the copper found in about 70% of the holes, which should be a key co-credit.
If you have any follow up questions for Mike regarding the drill program please email us at Fleck@kereport.com and Shad@kereport.com.
