via Bing Maps/SMDI - Mallard Lake

It would make complete sense if the above-ground tailings management facility were implemented North East of Mallard Lake to allow exploration drilling to take place on Mallard Lake itself, during the winter. It would also make a lot of sense that they are going to raise the berms around the above ground TMF, should they be preparing to drain Mallard Lake. It would also make sense that these are the permits the company is waiting for.

They will probably dig an open pit in the Mallard Lake location, before continuing as a tailings facility, since they have the above-ground to rely on.

http://economy.gov.sk.ca/dbsearch/MinDepositQuery/default.aspx?ID=0901

North of the lake, you have what appears to be a bulk sample and vein outcrop on either side of the road. If they bulk sample, that means they intend to mine:

http://binged.it/1f4Wext

The Decade mine, meaning Mallard Lake Deposits, aught to be a fairly big, high-grade mine, with numerous en-echelon veins if the Decade Mine Portal is where I think it is, at the very South-Eastern tip of Mallard Lake. There's an indentation off the road to the right:

http://binged.it/1f4YtRe

A photo of the Decade Mine Portal is available on the GBN.V website, and matches this location on Bing Maps. Notice how they give no indication of where the mine portal is, or why there is so much work north of Mallard Lake. However, the diagram clearly shows the deposit extends under the lake:

Decade Mine PDF

The Saskatchewan Government has moved from using longitude/latitude to locate various deposits, to UTM co-ordinates, all of which seem to be slightly in the wrong location if you use them. So you have to convert easting and northing to longitude/latitude before locating deposits on Bing Maps and having a look:

http://www.uwgb.edu/dutchs/usefuldata/ConvertUTMNoOZ.HTM

Conclusion - since so much effort has gone into the Mallard Lake area, including bulk sample of the Alimak Zone (which, for a time, was a bigger open pit than Lloyd), this must be the company focus. The ensemble of Star Lake, Decade, and Jolu mines all in close proximity to one another suggests that this must be the focus of company efforts in bringing a high grade mining project into operation.

From the Google Maps satellite photo dating from prior to 2010, Star Lake, Rod South, Rod Zone, and Decade around the Mallard Lake deposits saw a lot of work, which was simply not released as news, the shareholders completely unaware of the work going on.

They have had six years between 2008 and 2014 to intensively work on this portion of the project, obtain a PEA for the purposes of a prepaid bridge agreement, obtain a modification of the Mining & Effluent Regulations Act through parliamentary comittee, refurbish the mill, implement a prepaid bridge agreement as a precursor to a mezzanine financing arrangement, stockpile and process the ore, and escrow production. (de-risking)

All with the sharholders being completely in the dark.

http://goo.gl/maps/v3t7l

-F6