My Q1 Q2 timeline estimate for Oroco
they mentioned at the agm the permit office opens jan 8 and they are ready to submit which to me says surface rights are done and they will move forward asap
also they will drill south zone and brasiles first
bids were in for selecting a drill contractor before christmas so by the time permits are recieved they should have awarded the contract
i say (hope) one month to get permits approved
2 weeks to mobilize (possibly less if they use an available in country contractor)
no idea of drill plan but doubt they will go for a super deep hole first so 1 week to drill first 2 holes
6 weeks at assayers
2 weeks buffer time.. my hope is for assays mid april to early may
lots of IP to release before then, we have north then brasiles then they will move back to the south and trace the extent of the new extention
normally i wouldnt think ip that important but the fact we have drill data to support and confirm what the ip shows speaks volumes about the potential size and inferred grade. I guarantee lots of calculators will come out between the time we finish IP and the first assay..
2021 is going to be a massive year moving Santo Tomas forward.. not only will they prove what i have known is there all along from the historical data (copper doesnt move) but i believe they will at least double if not triple the current tonnage!
once initial results come in there will be a steady stream of assays 60 to 80000 meters requires 6 or more rigs so the only problem i see is our volume of core slowing down the assayers 🙂
lets gooooooooooooo!
