Wednesday, June 17, 2020

Golden Triangle 2020 - Assay Results ...

Golden Triangle 2020 - Assay Results

The summer drilling season is kicking into full gear, some companies have already started, and many more are expected to flip the switch on their drill rigs in the next few weeks.

Benchmark (BNCH.V) announced the commencement of a 50,000meter drill program this morning, while Skeena (SKE.V) announced a 161,000meter ($45m) exploration budget for the 2020 season.

That got me thinking, those are massive programs, and with all the drilling going on, I was starting to think labs may get overwhelmed. They've struggled in the past couple years for several companies, so it'll be interesting to see what happens this season.

Tabulated some planned exploration meters from companies across the Golden Triangle, and my thoughts are there will easily be 250,000meters drilled, and likely actually end up being over 300,000meters as the announced meters are mostly the 'initial' meters which could be expanded further into late summer/early fall.

Bottom line - expecting the labs to potentially be bogged down, so that means a possibility that many of the companies drilling in the Golden Triangle may take a bit longer to get back with some assay results.

The good news: we've waited 8 to 9 months since the last exploration season for summer to roll around
The bad news: we may be waiting a little while longer for results to trickle in this year

Either way, drilling is already under way or will be commencing very soon for many exploration companies, and with it, hopefully some exciting results!