CEO Nicole Brewster says the latest drill holes intersected gold beneath new surface discoveries, with two holes undercutting the same area and returning gold at depth in untested ground. One interval averaged 9.41 g/t gold over just over 4 meters, and Parbec sits on the Cadillac break, with about 1.6 km of it unmined. The resource model is being updated with new drilling, surface channel results and a higher gold price assumption than the $2,100 used in 2021, and she expects a positive impact. Next steps include more assays, metallurgical testing for a potential toll milling scenario and further stripping before winter, while the Victoria deposit is being studied with an Ontario university on selective heap leach.
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