Exhalite and VMSA while ago I posted the words of "The Gambler"......well, think carefully about the following line: "YOU GOT TO KNOW WHEN TO HOLD THEM AND YOU GOT TO KNOW WHEN TO FOLD THEM".
https://pubs.usgs.gov/sir/2010/5070/c/Chapter10SIR10-5070-C-3.pdf
Interesting reading to say the least. What do we have got to lose: 8c going lower or 8c going to dollars who knows how high :-) The VMS is down there whether you believe it or not. Glencor geologist doing his Masters on KC in 2013 mentioning on page 128 the possibility of an upraise on the northern side, then Glencore drills in 2014 1.4km in that direction, right into EXS property. Denying any findings, but why would they? If they know the VMS mirror is there.....let it be. They can still mine the existing ore till 2021 and maybe longer because at this time there is no bottom for KC. 10 000 feet may become 12 000 feet or more depending on new technology.......but should the time come to call on the mirror VMS, they will certainly do that, but in their own time. Best we can do right now is to find that elusive VMS deposit (reminds me of the Scarlet Pimpernel).
Remember the call from Glencore: “Call us when you find it”……..sort of a “you know that we know that you know”
Oh, and let us not forget TWP and Teck and Ogden and the how many other properties.
Google :Bob Moriarty + Explor Resources + 321gold
This was even before TWP and Kidd Creek. He was singing praises of the property collection of EXS.
https://www.321gold.com/editorials/moriarty/moriarty070609.html
The Hobgoblin of Little Minds
Bob Moriarty
Archives
Jul 6, 2009
One of America's foremost poets from the 19th Century was quoted, "A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines." It comes from Ralph Waldo Emerson.
I won't be quoted as being foolishly consistent. For the last two years I have repeated again and again that the best and safest investments to be in are those of producing or near producing gold/silver miners. That isn't to say they are the only investments worth considering.
Someone I have an enormous amount of respect for let me know that he had a favorite gold junior he was watching. And knowing his track record, I put it on my watch list as well. It's a good story, well worth telling. The company has written a good story, they just have done a rotten job of telling it.
The company is Explor Resources (EXS-V). I really like the story and the price. I wish they would do a better job of telling it. But in any case, they are going to be releasing drill results any day now and the drill results will fill in some of the details.
The company is a great example of a company run by very, very bright technical people. Their website is a total disaster with the home page showing 15 different projects strewn over 3 provinces in Canada.
I did my best to wade through the projects to get a feel for what business they are in and I failed. It's bad. It's really, really bad and if you understand what they are doing, send me an email and let me know. One of their current major projects, the PG 101 gold project in Ontario with results of 52 grams per ton over 3 meters isn't even listed. I'm told there is a new website in the works that will up soon.
But the company will be releasing drill results shortly from a 2000-meter drill program at
Eastford Lake and from PG 101. Eastford Lake has already returned results of 142 grams of gold per ton over 3.0 meters and 16.6 g/t over 12 meters. If they can connect those zones up with similar results, they may have a major discovery.
Eastford Lake is located in Ontario in the Timmins Porcupine Mining Camp. It's all part of the Abitibi Greenstone Belt of Ontario and Quebec, producer of over 180 million ounces of gold in the past. While Explor is an exploration company, they are sticking to known areas of monster size deposits.
Explor picked up the PG 101 property in December of 2008. Explor began initial drilling in February of 2009. The project is just east of the former Holt Mine and a few kilometers east of the Holloway Gold Mine. Further drill results are expected any day now.
The company has a wonderful land package in one of the most prolific gold belts in the world. Ontario and Quebec are among the best areas in the world to be conducting exploration.
But keep continuing selling your shares J. I (and other longs) will pick it up graciously and will be there for the payday.