Big Ridge Gold – Phase 1 Drilling And Improved Project Metrics Leading Towards Key Update To Hope Brook Resource Estimate

Shad Marquitz
October 31, 2022

Mike Bandrowski, President and CEO of Big Ridge Gold (TSX.V:BRAU – OTCQB:ALVLF), joins us to outline how the Phase 1 drilling and improved metrics are leading towards a key update to the Resource Estimate at the Hope Brook Project, in Newfoundland.   The maiden resource was last updated in 2014, but with gold price assumptions at $1200 and, at that time, not including any of the copper.  By using a gold price closer to $1600, it will allow for a lower cutoff, and should positively impact the resource, in addition to the inclusion of near 20,000 meters of drilling completed during the Phase 1 exploration program. Factoring in the copper reported back in assays are meaningful for the eventual Project economics and could help offset many of the input costs.


Next, we discussed the 16 remaining holes yet to report from the drilling near Hope Brook, and that those will be released over the balance of the year.   We wrapped up discussing the completion in September of the Phase One 51% earn-in on their option from First Mining at the Hope Brooke Gold Project.   They are 2 years ahead of schedule on earning into this project, so they now have until 2026 to complete the Phase Two earn-in taking them up to 80% ownership.   There are 10 holes to report soon from the Destiny project.


If you have any follow up questions for Mike regarding the Big Ridge Gold, then please email us at and

    Oct 31, 2022 31:54 PM

    I seem to remember that Dr Jones was a big fan of this stock back in Aug., 2021 – wonder if he still favors it?

    Nov 01, 2022 01:57 AM

    Big Ridge has been my biggest loser, I have held on with some shares but prolly wont put another dime in unless it goes bellow .10. Has been a big disappointment and has walls ahead of it yet. Just a drill play that will have to tap the market next year…

      Nov 01, 2022 01:44 PM

      Well, they already have 1 million ounces of gold resources, and are putting out an updated resource update early next year incorporating all the drilling from this year, so they are more of an advanced explorer at this point that already made a discovery long ago, more so than a drill play hoping to find something in the ground.

        Nov 02, 2022 02:15 AM

        I have definitely soured on this deal over time, there are other stocks that are starting to move up now that will take $ away from a stock like this.

    Nov 02, 2022 02:53 AM

    BRAU, has tax loss selling completed or is there more to come…

      Nov 03, 2022 03:36 AM

      Looks like an under $0.10 price is coming sooner than I thought.