Automated transcript · Written by software from the replay's audio. It can mishear names and figures; the replay is the record.
34:04 But even in large epithermal systems, it can be challenging to vector into the heart of the system where the higher grades are expected. And so in 2023, we'll return to the site of the initial discovery trench and follow this up with further mechanical trenching and then ultimately a small 600m drill program designed to test a near-surface IP target. In that drill program, 7 of our 8 holes in 2023 intersected mineralization, supporting epithermal gold mineralization. 3 of those holes contained visible gold. We found about another 10 occurrences in outcrop through mechanical trenching with grades of up to 78g per tonne gold in grab samples. But the drilling, together with the surface sampling over the past year and a half have delineated a zone of near continuous Gold mineralization measuring about 100m long and 35m wide. It includes broad zones of low-grade mineralization, as an example, 34.5m in drill core averaging 0.6 with a lot of sporadic high grade up to 23.5 grams per ton.
35:10 And although most of the mineralization, particularly east, is hosted in hydrothermal breccias, we do start seeing evidence of crustiform, coliform, banded quartz veins, and that begins to hint a proximity to the boiling zone. But despite the successful drill program, we still do not fully understand where we were in these systems, and these systems can be quite complex. The past few years, as many of you have been known, have been very tough on the junior miners, more so those that are in early stage like Nolan Shield at Root & Cellar. And with lean budgets, advancing the project was once again a challenge. But we felt that tough times breeds innovation and we relied heavily on our model driven approach to exploration and aided with the engagement of an MSc thesis student, we found a way to advance the project and our understanding of the project now, We now have a clear and confident understanding of where the upflow zone is and that upflow zone will mark the top of one of the main vein systems.
36:12 This was accomplished by identifying the hydrothermal breccias in the package, geyser-like sediments and brecciated cintamani fragments. All these work was accomplished by revisiting and re-logging drill core, paying careful attention to the field and remapping those stripped out crops. The physical identification of these textures that we saw on surface and in drill core was independently supported by some very innovative application of geochemical work and geochemical plots as a proxy for these alteration minerals common in epithermal systems. This is all undertaken by the MSc thesis student and a very similar approach was made at the Wahi Epithermal Gold Mine in New Zealand.
36:58 The student applied the same method as others applied at Wahi and they applied it to the data at Root Cellar and it very, very clearly highlights the discovery trench area as a center bound and upflow zone and so provided a very clear vector to where we may find the veins. I say the identification of this upflow zone is very important because it not only provides a vector to where the top of the vein systems are, but it indicates that the surface we have right now is equivalent to the paleo surface. So although this thing is about 300 to 500 million years old, right down to the payload surface. So nothing has been eroded. It's important again to identify these centre zones because it was the intersection of a centre at the Fuerte del Monte mine in Ecuador that directly led to that discovery back in 2006.
37:49 So I've just very quickly run over this method of geochemical plots, but I encourage you to look at our other pressure stations online that show this in more detail. I'll say it's very, very excellent data that the student has worked on and it's brought a great deal of confidence in moving forward. And so we now know through all that work, the geochemistry, the textures, we now know where we are in the system and we're at the very top of an epithermal system. We see the centre mound, we see the breccias, we see the hot spring sediments, and these breccias, particularly at Waiheke, New Zealand, often form an umbrella over the main veins. We're right at the very top of the system, so the presence of so much Gold, including the visible Gold is very significant because you should not be seeing that amount of Gold in the centre mound, which is essentially above the boiling window.
38:39 So the presence of VG and the high grades bodes very well as to what we expect to find deeper down in the system in the boiling zone. But what we don't know is where the boiling zone starts. At Fuete del Norte, for example, it starts immediately below the center. You go to Franeo and Mexico, as another example, that gap between the center mound and the vein is 300 meters. So we don't know really where it starts at Rutan Seller yet. But boiling, which is what causes gold precipitation in epithermal systems, is created by a drop in pressure. A lot of people think it's caused by increasing temperature. It's caused by a drop in pressure. An epithermal system is really 2 ways you get that drop in pressure. Number 1, you get hot fluids rising up the fault zone, interacting with cold water in the water table that creates flash steaming. That steaming creates an explosion of the rock and that drops the pressure.
39:35 That pressure drops, creates boiling, which creates gold precipitation, but that only happens at this interface at the water table. So your boiling window and hence your gold precipitation is fairly short in depth extent. But in extension regimes like we now have at RuneSettler, if a rock sequence suddenly pull apart by an extensive regime by, you know, just pulling apart like a block, this creates a drop in pressure from the top of the structure to the bottom of the structure. If that fault zone is filled with hot fluid, you're now getting boiling, as I say, from the top of the system to the bottom. In the extension of sectional regimes that we now know we have at Root & Cellar, you have the ability to form very deep boiling windows.
40:24 And the concept of that great depth extent and those deep boiling zones is manifest in the magnetics. This main image on the right is a cross-section of the magnetic inversion model representing about a thousand meters of rocks. And you clearly see the magnetic glow marked by the blue and the purples, that the gold on surface is directly related to these magnetic lows. And we see these magnetic lows discordant features of structure and control go into depth. These coincide with IP anomalies as indicated by these red lines. And so we've got IP matched magnetic lows and the magnetic lows match the gold on surface. So the idea of having very deep boiling windows and gold precipitation is supported, in this case, by cross-sections of the geophysics.
41:16 But whereas that previous slide showed the depth extent potential of root and cellar, this map really highlights the aerial extent. And so much of the presentation that is focused on the small area here of the Discovery Yellow Crop or the Cintamount, you can see that's only a tiny fraction of the 4km2 where we're getting Gold mineralization, both in rock, bedrock, boulders, and these 3 boulders up to 111g per tonne, we still haven't found the source, although they're very local. We see Gold dispersion trains in soils and again, we haven't found a source for Gold, so there's more Gold to be found. So, as I say, whereas the previous slide showed that depth extent potential was significant, this now highlights the aerial extent, the very large footprint of Gold minimalisation that we have.
42:02 A lot of these samples are not actually in the epithermal system there where Gold has leaked up at depth from the main epithermal veins. As I mentioned, Root & Cellar is a complete greenfield exploration project. When we first optioned the property, there wasn't even a regional magnetic map of the Bering Peninsula. While such early-stage projects pose a challenge and a risk, we see it as an opportunity. That's an opportunity to discover a Tier 1 asset at or near surface simply because no one has ever looked at it before. And we use a model driven approach to reduce that risk. And it's ideally suited in this circumstance. But many of you have been involved in early stage exploration are aware of the feeling that, especially early on, there are more questions than answers and it's frustrating not understanding the geology and the model in its entirety.
42:54 Knowing that 1 day you're going to look back at this with hindsight and say, wow, that was obvious. But what I can tell you is we are just about at that stage now. Through diligent details and innovative analysis, a lot of little things have been gleaned over the past year and a half that have added up and created a robust and confident exploration model. Each individual item on its own may not seem overly important, but collectively they have a significant impact. Specifically, as you've seen, we have multiple datasets all pointing in the same direction. Geochemistry, pathfinders, textures, geology, alteration, geophysics, we all provide a clear vector to the top of one of the main systems. As well, we've reached that stage, as I mentioned, where knowledge and understanding of the project is now exponential. The more we know, the more we learn.
43:40 The more we learn, the more we know. And as you can see from the slide, there's a name for that phenomenon. It's called the snowball effect. And it certainly provided a lot of momentum and confidence in our exploration model as we move towards a pivotal drill program coming up very shortly. And so just to summarize, low-solidation epithermal Gold deposits are renowned for the bonanza grades of Gold, Silver, Tellurium, but are typically associated with relatively small tonnages. With grab samples of up to 111g per tonne Gold, nearly 1,400g per tonne Silver, 700ppm Tellurium and 10.5% Copper, the high grades are very apparent. However, a very select few of these deposits are also associated with very large tonnages.
44:28 As you've just seen, a comprehensive exploration model and multiple data sets suggest that Root & Cellar has all those ingredients to be one of those very few giant and high-grade epithermal Gold system. I know that she loans 100% in Root & Cellar and so yes, we believe this is a Wilson country. Thank you very much. I know this is a brief presentation, but you'll find a full presentation on our website and I'll be happy to answer any questions down the road. So please call or email us at your convenience. Thank you very much. Thank you so much Ian and thank you for staying on time. Really much appreciate it. Great presentation. You enjoy the rest of your day and I'll call the next panelist up on screen here.
45:13 Robert Archer, president and CEO of Pinnacle Silver and Gold Corp. Now Bob brings over 40 years of mining industry experience and is the co-founder of Great Panther Mining. But I'll let Ian stop the screen share here and I'll let Robert start. Okay, there we go. Thanks very much, Kyle. Appreciate the introduction and good morning, everyone. Thanks for joining today. Let me just share my screen here. And there we go. All right. Can you see that call? Not yet. Nope. Sorry. Clearly I've done something wrong here.
46:00 So the share button. Yeah, I did that, I thought. I missed the other share button. Perfect. So if you go to your deck, perfect. Yeah, there you go. Missed 1 step. Alrighty, I'm going to set the timer now. Good luck, Bob. Okay, great. Thanks very much. Okay, so Pinnacle Silver and Gold is a bit of a new company in a sense. And we're taking, at least we're taking a new approach to exploration and maybe a bit more on the development side. So a little bit of a hybrid, we're not pure play exploration, but we are focused on silver and gold in the Americas and at the moment in Mexico and Canada.
46:45 So as always, I will be making some forward-looking statements and encourage people to do their homework before investing. So as I mentioned, we're just in the process of finalizing an acquisition in the well-known Sierra Madre belt of Mexico. This is a high-grade gold and silver project in a very well-known and prolific district of northwestern Durango called the Potrero Project. And At the same time, we have a past producing high grade gold mine in the Red Lake District of Northwestern Ontario called the Argosy Gold Mine. And right next door to that, an earlier stage project called North Birch, which is essentially an untested gold target, but it's 8 kilometers long and certainly a district scale in size. So those are the 3 main projects focused on at the moment.
47:46 So when I say that the company is a slightly different approach, we're taking an approach that would allow us to acquire a past producing mine, bring it back into production fairly quickly, and then try to build the company as much out of cash flow as possible, rather than relying 100% on volatile markets, dilutive financings. And this is a business model that I'm very familiar with, because it's essentially the business model we followed with Great Panther, with a lot of success. And as a co-founder in that company, back in 2004, we built that from concept through to a mid-tier mining company with at our peak $600M market cap and $5 share price and 3 operating mines.
48:34 First Majestic started around the same time, Endeavor Silver, and they've gone on to be very significant companies in their own rights. So this is a successful business model And we've done it before, we know it works. And so that's what we're focused on right now. The focus is on high grade underground mines. Quite simply, this is where I spent almost my entire career spanning 45 years. Underground mines have lower capex, smaller footprints, which is important these days in the sense that it's easier and faster to permit, better from an ESG standpoint. With the higher grades, you have protection against metal price volatility, and the expression that grade is king is really true.
49:21 There's a lot of built-in protection there. So when I talk about fast tracking to small-scale production, this is something that with the Proterra project in Mexico, we feel that we can potentially be there within a 2 to 3 year time frame. And that's something that's very difficult to do in a lot of other jurisdictions. And I'll explain why we think we can get there in that case. And while we're doing that, we'll be continuing to conduct brownfields exploration on that project to enlarge the size of the resource base and ultimately prove up the potential of the project and hopefully scale up the actual production and operations itself. And all of that will give us an opportunity to have a solid base from which to look at additional acquisitions and build the company from there. So this is just a first step, a sort of means to an end if you like.
50:21 So just looking closer at the Protero Gold Silver project, we're in northwestern Durango as I mentioned. Sierra Madre is a very prolific trend that extends from Southern California right down through into Southern Mexico. It's an area that most people are familiar with in the industry and a lot of very significant gold and silver mines through that trend. And a lot of those just right around us, which I'll get to in a moment. But on a regional scale, it's a great spot to be, some place that I'm very, very familiar with having worked here for almost 30 years now and as most people know Mexico is the largest silver producer in the world as it stands right now.
51:12 So just zooming in a little bit, showing where the Petrura project is. It's in what's called the Topia District and the Topia mine was actually our first acquisition with Great Panther back in 2004 and we had that back in production by 2006 and in the meantime we acquired the Wanawato mine in 2005 and had that back on stream by 2006 as well. So taking this approach and bringing the mines back on stream is a very quick way to start building the company and looking at further acquisitions and discoveries and so on. So within this district, we're only about 13 kilometers from Topia.
52:00 We're about 15, 16 kilometers from the Tahuatán mine, which is owned by Luca Mining. And then down to the southeast, we're on trend with Cienega Mine, which is a polymetallic mine owned by Fresnillo. And that's a 4,000 ton underground operation, one of the largest underground mines in Mexico. So we have 4 operating mines within a 35 kilometer radius, so it's a very prolific district in its own right within the overall Sierra Madre trend. And because of that, we have very good infrastructure access. You can fly into Topia. We can drive to the project site. We have a power line within 3 kilometers. And so as we build out the project, we'll be able to take advantage of all of that and build it up fairly quickly.
52:54 And I mentioned high grades, and Petraro is a good example of that. There is a historical resource, and I have to qualify that by saying it's not compliant. We haven't done enough work on this to prove up that resource, but this is based on underground sampling and past production records. And it showed the average grade at about 10 grams per ton, sorry, gold equivalents, which is about 870 grams silver equivalent, which is a very, very good grade. There are 3 mines that lie along a 500-meter strike, and this is where the previous work had been focused, going back to the 1980s.
53:43 But as with many small mines privately owned in Mexico, there was no drilling. There's never been any modern day exploration on this project. And so this is something that we see as a huge opportunity because We know that there's a very strong system there. It follows the regional Northwest, Southeast trend and a very good grade. So we can get back underground working in this very, very quickly. And At the same time, we can be refurbishing the plant that exists on site. And now this was built in the late 1980s, closed down in 1990, but not for technical reasons, for tax reasons, as I understand it.
54:30 But there's been nothing done on the project since then. And this plant can be refurbished relatively easily and quickly at fairly low cost. We estimate somewhere between a million, million and a half dollars. So it will need some new equipment, crushers, pumps, electrical work, some balls and liners for the mills, but the overall infrastructure is in place. And one of the important things about this is that because it's an existing processing site, It's a disturbed site from an environmental standpoint, and so it will need, or rather it won't need, some advanced environmental studies and that type of thing. So our ability to re-permit this is very good and we should be able to get permits in fairly short order. So probably within about a 2 year period and get the plant back up and running.
55:34 So with that, I'll just a couple of quick slides on the Red Lake area where our other projects are located. And most people are familiar with Red Lake in Northwestern Ontario, very well-known prolific gold producing area. And we're just to the east of the actual Red Lake Belt itself in what's called the Bertucci Belt and very close to the Springpole deposit that's being developed by First Mining Gold. Springpole is about 5 million ounces, just under development right now. And our Argosy gold mine is only about 10 kilometers away. The North Birch project is immediately adjacent to that. And as I mentioned, that's an earlier stage. But just looking at the Argosy mine, it hasn't produced since 1952.
56:22 It did produce about 100,000 ounces at a grade of almost 13 grams per tonne. So very, very good grade. And We own 100% of this subject to 2.5% NSR. And that's something that's obviously important because we can just hold this until such time as markets improve and it's worthwhile going back into to develop this more. There have only been about 72 holes historically drilled on the project despite its production history and nothing since 2004. But what's really important here is that when it was in production it was only mined down to about 270 meters vertical. And in this part of the world, in the Canadian Shield, the vertical dimension is actually the greatest dimension.
57:11 And deposits in this sort of geological environment can often extend to a kilometer or more, thousands of meters. And so we know from previous drilling that the mineralization does extend below that 270 meter depth of the previous mining. And you can see that on the three-dimensional model here. And in addition to that, there were only 4 veins mined in the past, whereas the drilling has clearly indicated that there are multiple veins in the system here. We've mapped out about 13 or 14 of them. And this is something where we also think that we can build a fairly significant high-grade resource once we get back to working on this. Just briefly on the North Birch project, immediately next door you can just see on the inset you can see the the Argosy gold mine just to the bottom right. And then the North Burge project is actually modeled on a folded iron formation type gold deposit, which is a very significant type of gold deposit, much like the Musselwhite Mine farther to the north in Ontario, that's just being sold by Newmont at the moment. But that's an 8 million plus deposit now. And I actually worked on the pre-feasibility study for that back in 1994.
58:37 I worked on developing the geological model for that deposit. So, it's something I'm very, very familiar with and North Birch is modelled on that. So, we think it's a great target And as I mentioned, we've got 8 kilometers of strike length here and looking forward to getting back in there and doing some more drilling to follow that up. So just in summary, Pinnacle is basically creating a new company with a proven business model, whereby we start with small-scale production, expand the resources, expand the production, build the company out of cash flow as much as possible rather than continuous dilutive financing, especially in a market like this. Our management has a successful track record in doing this.
59:26 We have a very solid board with a lot of depth there. And we are focused on the Americas, looking primarily at Mexico and Northwestern Ontario at the moment, and with a focus on high-grade underground mines, which have a lower capex, better profit margins, and a better buffer against metal price volatility and also with a smaller footprint being easier and faster to permit. So with that, we're confident that we'll be able to build a successful company here and I encourage anyone to reach out to us with any follow-up questions. Thanks very much for your attention. Perfect, thank you so much Bob. Another individual on time, great to see, love it. Thank you for the great presentation, You enjoy the rest of your day. I'll bring on our last presenter here, Jeff Ackert from Cascade Copper. He's the president and CEO with an extensive career that spans major mining companies and includes co-founded C3 Metals where he led successful copper exploration programs.
1:00:31 Jeff, I'll let you get your screen set up. It looks like you are already ready to go. So best of luck. I'll start the timer. Thank you very much, Kyle, and thank you for the invite and to share the time with a great bunch of explorers that we've just heard from. Hopefully I can keep up the good news and get everybody excited about Cascade Copper. Cascade is focused on copper exploration in Canada. We've got projects in BC and Ontario. A new company started just over a year ago and we've got a very tight share structure which I'll start the slides with just after we speak about forward-looking statements So be aware that there will be a few during this presentation.
1:01:22 As mentioned, the company is young. We've got very little shares outstanding at the moment. We're looking at maybe just 36 million, 37 million shares issued and outstanding at the moment. Few stock options and warrants out there, but fully diluted, very small. Market cap is just around 1 million. And we'll just move on to our team. The team obviously is important. As we've heard from previous presenters that a management team and a geological team is important for getting things done. A little bit of background on myself. I'm a geologist. I've been working in the business for how many years now? Probably over 40 years.
1:02:09 And basically cut my teeth in Canada with gold exploration and then moved over to West Africa for gold and into East Africa for copper. Been working also in Canada and Jamaica and a few other places, Peru, for copper systems. So a bit of a background there. Shannon is the guy with the brains and the geological acumen. He's our VP of exploration. Yana is our CFO and she's a fractional CFO and works for a few other companies. So we benefit from sharing the costs there. Darcy, Allison and Sam, all part of the board of directors, a great team to have as support.
1:02:58 So what we'll do is we'll start with what our exploration focus is. And really, when anybody looks at, whether it's an investor or a company, you have to say, okay, where do I wanna go? What do I wanna look for? So the jurisdiction, the commodity are very important, obviously. And we like Canada, we like BC and we like Ontario, just because it's a stable, they're both stable jurisdictions, we can get things done. Obviously there's mines that are being made in both of those jurisdictions. So we know we've got an end game and capital raising is helpful because we can take advantage of flow through shares and the commodity.
1:03:44 I think everybody knows the writing's on the wall that copper is going to be in demand for many years to come just with the reduction in carbon incentives and the transition to electrification and so on. That is what's really driving the copper market these days. So keep that in mind. Luckily, on most of our projects, we also do have gold, silver, and molybdenum, which are accessory metals. And I'll show you some of the results in some of the projects here. You can see the significant numbers there. Geology, obviously the geology is important in any jurisdiction, where are you finding gold? Where are you finding copper? Where are you finding silver? So we're very cognizant of what's been found in the area and what we hope to find there as well. So I'll show you a couple of maps here.
1:04:42 Our projects. Projects, we have 5. We have 4 in British Columbia, and you can see them listed here. We've got 3 porphyry systems, 1 in Rogers Creek, 1 at Copper Plateau and a new sort of really greenfields area at Fire Mountain. I'll give you some more details on that later on. And Bendor is an epithermal system and with gold prices the way they are, why not have a gold project in the portfolio as well. The one in Ontario is interesting. It's a bit different. It's a VMS style. So higher grades, lower tonnage, but still quite, very good potential there. So let's look at our BC projects to start with.
1:05:30 We're looking at the western side of British Columbia, close, relatively close to Vancouver, centered around the Pemberton area. And the belt there, we call it the Cascade Magnetic Arc. And it's a host to several big deposits. And you can see some of them that are outlined here. Taseko's New Prosperity, over a billion tons. We've got a giant copper, 45 million. Glacier Peak down in Washington and Middle Fork, all very large, and then Margaret down further south. So these are all within this same belt, same age rocks, same types of intrusives, same types of porphyry systems that are coming through here. So this is why we like this particular area. And it's been relatively underexplored.
1:06:16 There's been a lot of people that have been looking at the Golden Triangle for good reason, but we see lots of potential in this area for porphyry systems, and maybe a little bit more copper-centric rather than gold-centric, which is what you find maybe in the golden triangle. So some of the highlights here, we've got them listed on the slide, but I'll go through them a little bit more detail as we go further along here. So we'll start with the Rogers Creek copper porphyry system. And we like it the best. It's basically our drill ready target. We'd like to get in there this year and drill on this system. And I'll show you why in a couple of slides here. Again, the access as other presenters have mentioned today, the access is quite important. It keeps costs down.
1:07:08 So at Rogers Creek, we can drive right to the site within about an hour and a half to 2 hours from Vancouver, you're sitting on these roads and looking at these rocks in the area. So numbers and historic drilling have been relatively good, not super high, but they really do give us an indication of what potential is there. So we're happy to follow up on some of the earlier drilling that was done. We've done a lot of airborne geophysics. We've done a lot of soil geochemistry. We've done some IP. And we put that all together. And that was really one of the first things that we did when we got the project in our portfolio is we compiled everything and tried to put it into a three-dimensional compilation.
1:07:59 MAG and IP inversions to give us an idea of the depth potential, looking at the associations between the geochemistry on surface, the IP, some of the drilling that was done. And one of the things that we've also done here, and we try to do on every one of our projects, is the hyperspectral analysis of the alteration. And what that is, as Ian mentioned in one of his presentation is about a vector, how do you vector into the center of these projects? So we think that with all the data plus the hyperspectral, it's really giving us a great idea of where things are. So we're focused on what we call the target 1 area, which is a copper gold moly porphyry system. And this is a sort of a characteristic cross section of what we're seeing at target 1, which is this area here with the blue breccia zone.
1:08:54 And on surface, we're seeing some incredible numbers. You can see 23 grams of gold, half a percent or more copper, 200 ppm or grams per tonne silver. Over on the target 2 area, again, some very, very high numbers. So what's happening here is the porphyry system is leaking these metals that are coming up to surface and accumulating. And with the inversion modeling that we've done, we can see some of these areas that are obvious targets. So this is a compilation of some of the surface sampling, the geochemistry, and some of the historic drilling that was done at Rogers Creek that shows where the target area is at target 1.
1:09:41 And I'll show you the next slide here that really drives it home. Now, this is an inversion model and we've peeled back the sides of the mountain and we've basically suspended the IP and chargeability and resistivity anomalies sitting in space and that's really where the target is And why we like it so much is not just the IP part of it, but also the magnetic lows that are associated with the alteration package that has come in with the porphyry system. So our target here at Rogers Creek is looking through the mountain. Now, the mountain is transparent, and we're looking at these higher chargeability areas, which we are interpreting as the more mineralized part of the porphyry system. And we're sitting at maybe 200 to 400 meters below the surface.
1:10:35 So we would have to drill with some fairly decent, longer drill holes, but we figured that, we're more than likely to hit something quite substantial as we go into these, these drill target areas. So that's basically the story at Rogers Creek. We hope to be in there in 2025 and who knows, we'll see what goes on there. The next project that we're looking at is Copper Plateau. And it's within the Quinault terrain, central South BC. Merritt is here, Princeton, Penticton is over here, and Kelowna, if you're familiar with the Okanagan Valley, it's just a bit west of there. But we're surrounded again by big companies, big projects. Copper Mountain Mine is a producing mine over a billion tons. Highland Valley, Tex Highland Valley, over a billion tons. And you can notice the grades here. They're not super grades, but they're economic in the BC climate.
1:11:33 Kodiak Copper has got a project just right next to us. So in good area, it's a great spot for finding copper porphyry systems. Brenda Copper Mine was an older mine that was run by Niranda back in the day. So what we've done here again, we've taken a lot of the historic data, we've modeled it, inversion modeling. What you're looking at here is basically historic drill holes plotted with IP rechargeability. And what we're seeing is a very strong correlation, but also there were limitations in the IP survey, and we're seeing that there's mineralization past what the limitations were on the IP. So we see lots of potential down strike or down slope from the porphyry system that we see at surface.
1:12:19 So lots of potential there. And what I'd like to do is just draw your attention to some of the historic drilling numbers that we had in the database when we acquired the project. Some of the numbers are quite stunning. This is the length here. So 19 meters, 59 meters, 27 meters. And some of the grades are over 3%. These are copper equivalent. So we are using Copper, Moly, Gold and Silver. The numbers are quite conservative as far as prices, today's prices are concerned. But it just really shows you some of the numbers that we're seeing here. So we know that there's some high-grade components to this porphyry system. We haven't drilled it on our own yet, but we do plan to do a little bit more work on the ground and then set some drills on this in the near future. Again, we've got lots of potential here. We've got geochemistry off in 2 areas that have not been drilled. So looking forward to getting in and doing some followup work here. So lots of upside on Copper Plateau. Again, some numbers from the ground, some surface sampling, 11.5% Copper, 1 gram, over 1 and a half grams of Gold. And you can see there's some good Silver as well with the Moly. Moly is pretty high here. We're seeing Molybdenite on a lot of rock samples on surface and also within the drilling. And As I mentioned before, the hyperspectral mapping has helped us vector in on some of
1:13:49 these areas. And this is just an example of something we've done on the ground from surface sampling. It gives us a great idea. And this really is telling us that, the center of this zone is really the best altered and probably the best porphyry system there. So we're hoping to follow up along strike and down plunge of that particular area. As I mentioned, Fire Mountain was a Greenfields property and it's got similar components to the, I've got about a minute and a half here, so I'll get going. Fire Mountain, Greenfields, but lots and lots of areas to look at. I mean, it's just spattered with showings.
1:14:34 High-grade Gold, Copper, Copper and Gold in samples on surface has not seen a drill hole. So again, something that we'd like to get on, perhaps not drilling this year, but getting targets ready for 2026. Copper and Gold numbers on surface. Some great samples. Here's 1 that over almost 2% Copper, 4.5 grams per tonne Gold. So far a mountain. And then Centrefire, this is an Ontario project and I'll probably finish off with this one. It's in the Sioux Lookout Dryden area. It seems to be a hotspot these days. There's a couple of companies that are doing a lot of work here, NexGold and Dryden. And maybe more importantly, we've got Sentara Gold has come in on 2 of these companies and put an equity interest into them. So the bigger companies are looking at these areas.
1:15:27 And that's something that could be an exit strategy for us too. We've got lots of projects, big, big tonnage projects that are really important for the bigger companies. So we're hoping that we'll attract the attention of some of the major or mid-tier producers that see something that we've got and see what they like. So I'm going to skip Bendor because it's something we haven't done a lot of work on, but it's sort of in our back pocket and hope to get to do some groundwork on it this year. So in a in a sort of summary, we're planning us to do some drilling this year, add some value to to the company and to reward shareholders for coming in early.
1:16:13 And this one last thought here, and there was just a graphic that came up the other day and I think the implication on this is that gold and copper really been following each other you know since maybe early or mid to 2022 and now we see a big disconnect And does that mean copper needs to come up to match the gold performance? Perhaps yes. So keep an eye on copper, keep an eye on Cascade Copper and please feel free to reach out and talk to myself or Shannon. Look forward to hearing from you. Thank you very much. Perfect. Thank you so much there, Jeff. I let you go a couple of minutes over because you're the last individual. Yeah, one of the benefits, Thank you so much. No problem.
1:17:00 Great presentation. This, for anyone watching, is being recorded. I see everyone's contact information was on their slides So, please feel free to reach out to the companies directly or message 6 and we'll be happy to connect you guys as well Thank you for watching everyone. Enjoy the rest of your day.