Winston Gold Corp. (WGMCF)

[MaxzMillionz]

The earlier published plans were to rehab the mill in 2020 and expand as needed in 2021. The earlier plan was to expand processing capability to allow for 150 tons per day for the Parallel Vein and 100 tpd for the Block 93 vein for a total capacity of 250 tpd processed in the mill in 2021. The early projections went through 2023 where they were targeting 300 tpd Parallel, 250 tpd Block 93 and 200 tpd Custer Vein, totaling 750 tpd. They currently can run at 120 tpd.

I suspect we will soon read a press releases about another mill expansion. 120 TPD processing capability wasn’t enough prior to this agreement. The big question now is, do they add additional small crushers which they can do with their current permits or do they bite the billet and apply for new permits and buy large capacity equipment? I suspect these new resources may push the needle towards new permitting to allow for larger equipment earlier than before.

What I like about the aggressive approach to expansion is it will attract larger investors sooner. I love jr mining stocks that make money, grow rapidly which attracts larger investors that drive the share price up, then sell out to a big producer for a premium.

I can’t wait to hear more about these new resources. Historically the Hard Cash Property produced over 1oz of gold per ton of material processed. That was pre WWII and at a small scale but still impressive.