Lots of holesSomeone mentioned there were not enough drill holes or data points to make NI43-101 Mineral reserve estimate. I would say there are way more than enough holes to tell the knowledgeable buyer how rich the property is. As Roger pointed out last year, a 43-101 report can be made from a few holes or a lot of holes. There is just more guesswork with less information.
Here is the zoom in of the Ministry of Mines, Mining Lands Administrative System map of Ontario. This shows the Laurion claim in pink. The orange area is a surface rights overlay for construction site of a Transmission Line for a waterpower development project that is under review.
The dots are drill holes recorded with the Ministry. The average dill hole line running NW to SE are 60 metres apart with the holes along the line 15 metres apart.
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The crossed pick mine symbol to the left is historic Brenmar mine.
Below is a Zoomed in pic of bottom left of the drilling area to show how close the holes are.
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Sturgeon mine is right in the middle of the orange area. Mineral Record Identification number MDI42E13SE00010 if you want to zoom in. I believe the Niish Shear zone can be easily identified by the tight line of holes running left to right upwards across the zoomed in image.
It will be interesting to see if the 2023 exploration campaign focusing on the Niish Shear Zone area within the western sector of the Ishkoday Property between the historical Sturgeon River and Brenbar Mines, will be a continuation of the drill line from the Brenmar mine and the last line of holes. That might explain why they are only planning 5000m of drilling with the distance between the two points at about 600 metres would allow for 10-20 holes spaced every 30-60m.
If youre bored too, Here is a link to the map
https://www.lioapplications.lrc.gov.on.ca/MLAS/Index.html?viewer=MLAS.MLAS&locale=en-CA
I have not found anything in the CIM definition of standards that says there are a certain number or density of drill holes required to make the report but it seems to be more a code of effects for the "Qualified Person" to follow. Not that it matters as we are not currently going to see one.