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Petaquilla Minerals Ltd PTQMF

"Petaquilla Minerals Ltd explores for gold in Panama. The Company operates the Molejon gold mine in Panama and owns exploration and development stage projects in Spain and Portugal."


GREY:PTQMF - Post by User

Bullboard Posts
Comment by goldpigon Oct 31, 2010 6:29pm
262 Views
Post# 17637300

RE: High Probability of World Class discoveries

RE: High Probability of World Class discoveriesMuch appreciate your detailed follow-up of my earlier observations.
It seems that every time they sample outside the margins of  a known zone such as Tucan, they keep expanding the size of the zone.
When they sample entirely new zones like San Lucas, they keep finding the same type and grade of gold mineralization everywhere.
These are very large zones , within an immense corridor whose entire strike length of 37 km has been successfuly confirmed by early stage sampling.

What is also pleasing about the early drill results is that fact that the gold mineralization starts almost at the surface ( 15-30 m ) and extends to about 150 m of true depth. Even better, gold grades are consistently economic.

Looking at slide 26 , it becomes obvious that gold mineralization is strewn everywhere within the Petaquila lands.
This will become much, much more obvious when all of the new sampling information and drill results are added.

When gold is widespread and consistent  over such a huge area, the obvious question is the source of this gold and whether these intrusive veins are even richer at greater depths.
Fifer has onviously thought of this as well, and is drilling some deeper holes to see whats underneath all of this shallow gold.

I entirely agree with your posiiton.
There is much, much more  gold at ODN  than discovered at Molejon.
Its economic, its shallow enough to be open pittable,and it can be trucked to the Molejon plant.
Its fits perfectly with plans to double plant capacity to 5000 tpd.
Bullboard Posts