Just Thinking Out Loud

Last year 2023 & this year seen a lot of in-fill drilling expanding the Cyclone and Corona area which should have satisfied the agreement with Taurus . The 200,000 tons indicated resource @ Cyclone should now be reclassified IMO to indicated Proven Resource & 200,000 tons indicated reserves up to indicated resource.

IMO, The 200,000 tons indicated proven in the new JORC would allow AWM to complete their PFS. The Logistics started 2 years back seeing this now JORC with proven resources IMO would advance the next phase .

IMO..A bankable feasibility study when complete would be when BAY has to make a decision on to pay up or DEAL.

IMO,. .Now that Nunavut Government has control of all their own Jurisdiction including all mining rights, the Federal Government only control may-be Political on Foreign takeovers.

BAY-AWM, .having on-going dialogue with Nunavut Minister may be looking to advance the time line for the DSO. seeing the 200,000 tons proven sitting on surface only 15k from Sea-Lift.

Deep holes 2024, 1, 2 & 3

Vectoring into the Sediment Base

Hole 2024: 1,2 . stepping away from the Cyclone deposit and drilling deeper into the sediment hole 1 tag the Horizon @ 325 depth area. Vectoring South deeper into the sediment hole 2 tag the horizon at the 400 m depth expanding the horizon..

PS, ..Hole * 3 . Vectoring 1000m South from hole 2 going 600m deep below the 3500 ( Cirrus ).

The old 3500 zone now called Cirrus zone, was once thought to be to deep to drill . Now seeing AWM with new EC technology being able to penetrate with deeper current and receive a better 3d reading on structure below.

PS, .Notice here on latest image 1 showing the Label Cirrus Deposit. Look below the Banner label and and notice what looks like a grey structure or fault . Look at the scale meter and notice the dimension being te size mentioned in news release 1400m x 500m ..Notice here ( truncated at the Southern Graben Fault, ) see the twist in fault below the label Cirrus,, here sits hole 3 target. .Image - 1

The largest of the southern anomalies is interpreted to be approximately 1,300m x 500m, flat-lying, and located at depth below the Cirrus Deposit and Gap Prospect (Figure 7). A series of large, sub-vertical EM plates have been modelled where the northern edge of the anomaly is truncated at the Southern Graben Fault, which suggests that this could represent fault-hosted copper mineralization. This target is currently being tested with diamond drilling.

Let The Drills Be Our Friends

Traps7