Reading between the lines......Bison Gold Resources Inc. Exploration Update: A New Phase of Drilling to Commence on the Central Manitoba Property
Wednesday, November 16, 2011
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to announce a new phase of diamond drilling on the Ogama-Rockland trend is set to commence. Based on the results from Bison Gold's previous drilling programs, Bison Gold's technical personnel have outlined an area on the Ogama-Rockland trend that could potentially contain a significant gold resource. "The goal for this new phase of diamond drilling is to establish the first NI 43-101 compliant resource for the Central Manitoba Property," stated Lucas Ewart, President and CEO of Bison Gold.
As well, Bison Gold plans to drill test several gold-bearing structures on the Eldorado zone based on results from extensive surface mapping and sampling (see news releases dated Sept. 15, 2011, July 8, 2011 and July 22, 2010) conducted during 2010 and 2011. "We are excited about the possibilities at the Eldorado zone," stated Lucas Ewart. "We see many similarities in the Eldorado and Ogama-Rockland trends but Eldorado trend has never been systematically drill-tested to depth or along strike."
Between the lines, IMHO, one does not merely commence a new phase of drilling and voila, there it is, a 43-101 resource. IMHO, they must have the other sides at least roughly filled in, and this program is designed to contain a portion of the body sufficient to entend the zones and grades around a sum certain quantity of tonnage, in turn sufficient to contain a certain number of ounces. Then, step out and follow the strike to expand the resource. So, holes take time to drill, assays even longer, we need to be patient again with BGE, sounds like a broken record. At these prices, IMHO, still time to accumulate.