TSX:LSG.DB - Post by User
Comment by
goldhappyon Aug 16, 2012 4:18am
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Post# 20223436
RE: Development Ore
RE: Development Ore Timminsgold you do help keep us a breast of current events. When a mining company hits a surprise chunk of ore during the development stage how can it be in the resource estimate "at that time". That is all I was trying to convey. The geologist would pick up on the value with grab sample assays until further pd drilling occurs to produce more assays for a proper ore outline. With new drilling a resource estimate can be produced with proper scientific data. The halo of lg ore was discovered during the drift advance. It was reported as new found mineral "lg gold". That is what slowed down the high grade material early on in the mining sequence. This delayed high grade gold from coming up the shaft and was the beginning of the end for the stock price as the cost per ounce rose. The entire mining sequence change for long term gains.