John Charles Tumazos's questions to Americas Gold & Silver (USAS) leadership • Q4 2019
Question
John Charles Tumazos inquired about the long-term potential at Relief Canyon, specifically asking for a review of any data on sulfides beneath the oxides and what, if any, additional work the company has done to explore this later-phase potential, including data inherited from Pegasus.
Answer
President, CEO & Director Darren John Blasutti stated that the company has done almost zero new exploration work on deep sulfides, as the focus has been on constructing and commissioning the oxide mine. He mentioned plans to spend about $1.9 million in the current year on drilling to replace mined reserves and to bring in geological consultants to develop a foundational understanding of the system. COO Daren Dell added that unfortunately, all historical data from the previous operator, Pegasus, was lost.