OTCPK:EXSFF - Post by User
Comment by
PhillyJackon Aug 29, 2016 3:14pm
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Post# 25188134
RE:RE:RE:I Continue To Buy....
RE:RE:RE:I Continue To Buy....BV, I'm not entirely sure regarding the Ogden results. You may be absolutely right, but here is what was reported: "The following results were obtained from this first drilling campaign: ##Hole #OG-16-02 intersected 2.06 g/t Au over 1.50 meters from 154.5 to 156.0 meters. ##Hole #OG-16-05 intersected 1.99 g/t Au over 1.80 meters from 438.0 to 439.8 meters." In previously releases, EXS would usually announce "no significant mineralization" if no measurable gold was found in a drill hole. Curiously, that was not done at Ogden. Holes 1, 3, 4, and 6 were never officially reported. Perhaps the "no significant mineralization" was supposed to be understood for those four remaining holes? Regarding Kidd Creek you are correct. Glencore publicly announced they found no VMS during exploratory horizontal drilling. EXS seems to think they did. So, either Glencore chose to keep their alleged find a secret, or EXS is mistaken. Glencore geos are on record saying it is very likely that an extension of the KC deposit exists nearby and may curve back up towards the surface. Regarding TPW you are also correct. EXS has made vague statements regarding Teck's intentions because Teck has apparently not revealed its full intentions and plans to EXS as of yet. Phase I was successfully completed, and to EXS's knowledge, Teck plans to be back for Phase II. Understand that back in May and June there was a lot of talk on this board that Teck had already backed out. In mid-June I contacted a Teck VP and was informed via e-mail that Teck was still on the project at TPW. That was six weeks after Teck had completed Phase I and submitted a report to EXS. I shared that communication with you in a private message and then lately publicly on this board. To our knowledge, Teck is still in and has communicated nothing to the contrary. There have been persistent rumours all year long of Teck employees looking for housing in Timmins. I have no way of verifying these rumours from down here in the cheesesteak capital of the world, although this rumour has been passed along to me through sources in Timmins.