First mover advantage and under-explored highly prospective areas
The lowest opportunity cost discoveries are from areas that haven’t been heavily explored. Wolfden is the first mover in the State of Maine after a 30 year hiatus in exploration, allowing for the selection of the best projects at a reasonable cost.
Pickett Mountain is one of the highest grade undeveloped VMS in North America that remains open at depth and along strike. Given that the deposit occurs in a regional extensive and underexplored volcanic belt, the Company is well positioned for significant exploration upside.
The Pickett Mountain area in Maine benefits from modern infrastructure, with excellent access, power, water, accommodations, supplies and services that all reduce the cost of exploration and development.