RE:RE:RE:TDSB ;Unfortunately, with the passage of time and the spinoff from Columbus Gold to become OREA (and AUAU) most of the pre OREA information is no longer on their website. However, I do remember the announcement that the Nordgold infill drilling program had been completed. At the time we waited for the results, which as of yet have not emerged?
Below is an outline from a Nordgold release March 23
rd 2017 which indicates both NG and CGT intentions to do further drilling post BFS. We have the results which I cite for the completed CGT exploratory drilling. However, again, we never received the NG results, although I remember reading that they were completed. Hence for years I questioned why no release of that data?
It's ther best I can do with info’ I can still access.
Outlook Nordgold and Columbus (“Partners”) believe the following improvements to the Project can be made:
· Certain capital costs can be optimised, subject to sourcing improved budget quotations from suppliers.
· Infill drilling has the potential to convert some of the Inferred ounces to higher resource classification. Partners are considering undertaking 4,300 meters (“m”) of infill drilling, at an estimated cost of US$1.5 million. The drilling is being assessed for commencement in Q2 2017 subject to obtaining the required drilling permits.
· There is a potential to lower the CoG used for reserves if gold prices increase, and with optimisation of operating costs used in the CoG calculations. This has the potential to convert some additional Measured and Indicated Resources within the current designed pit into Proven and Probable Reserves.
· Columbus is looking into opportunities to refine the pit designs which could have the potential to increase reserves.
· On February 13, 2017, Columbus announced commencement of an exploration drilling programmes at Montagne d’Or. The programmes consists of 36 core holes, for a total of 5,520 m, designed as a first pass investigation of exploration targets on strike of, and in very close proximity of the currently defined reserves. Four targets will be tested: 1) four widely-spaced drill hole fences will test the west strike extent of the deposit up 1.25 kilometers west of the current resource; 2) the Gustave geochemical anomaly located 500 m east of the Montagne d’Or deposit where a historical drill hole intersected 3.5 m of 31.94 g/t; 3) potential mesothermal quartz-gold vein systems within 1,000 m north of the deposit; and, 4) one hole under the deposit to test the down-dip extent of the principal mineralized zones.
GLTA -
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