Grade is King ........not sizeThanks for the very interesting article, 2Fast, and for taking time out of your margarita hour to
spend with us........
I really appreciated hearing Mr. Rule's points concerning the overall market volatility going forwards
but one particular point stood out to myself and that was concerning investing in the Yukon when
he said the following:
"However, he warned that investors who get involved in the Yukon now could face big
losses because they are likely backing “Johnny come latelys” who are not familiar with
the region and got land in the aftermath of discoveries."
This is without question one of the biggest attractions for myself to Goldstrike..........all of the targets
here in GSR are considered to be "prime" targets that have been hand selected by Trevor Bremner,
Tom Morgan, Larry Dick, and Bruce Durham, under the supervision of the original Prospector
International MGMT team over the past several years, long before the recent staking madness.
This is real, boots-on-the-ground prospecting from locals crews with proven track records and it is
entirely target-specific.
I have stated elsewhere that I am no mining expert for sure and therefore, rely on certain factors to
aid me in my investments; one of those being following highly respected individuals known for their
historical expertise and background in this industry.
One of the other factors that a good friend brought up to myself when I introduced them to Goldstrike
was that they weren't really comfortable with smaller property holdings scattered throughout the Yukon
but preferred larger land holdings in one well-known area.
I have been thinking alot about that and then wondering why GSR took the avenues that they did and
once again, I am impressed with what I am discovering about those strategic moves as well.
One of the most famous mines in BC history was the Eskay Creek Silver and Gold Mine and was
the fifth largest silver producer in the world. Now, get ready for this .......... only 3,688 acres in
size .......14 sq km!!
"New Eskay Creek consists of 3,688 acres directly adjacent to and within one mile of the main
portal of Barrick's famed Eskay Creek Mine. It is located in northwestern British Columbia,
approximately 70 kilometers north of Stewart and 900 kilometers northwest of Vancouver. Given
its close proximity to Barrick’s Eskay Creek Mine, the area has excellent infrastructure. Road access
is provided by the Eskay Creek Mine Road, which extends from the Stewart-Cassiar Highway at
Bob Quinn Lake and traverses through the western portion of the Company’s claims before it
reaches the Eskay Creek Mine. Prior to its closure in 2008, Barrick's Eskay Creek Mine was
Canada's highest-grade gold mine and the world's fifth largest silver producer, with production well
in excess of 3 million ounces of gold and 160 million ounces of silver. The average grade of the resource
was 48.4 grams (1.56 ounces) per tonne gold and 2221 grams (71.4 ounces) per tonne silver.
The Eskay Creek deposit was also estimated to contain approximately 3.2 % lead, 5.2 % zinc,
and 0.7 % copper.
https://www.northbayresources.com/eskay.html
My point here I am making with the example of Eskay Creek is not only about small having huge
potential but some others were kind enough to point out several other factors to be considered and,
that is, any producing company typically wants the smallest possible footpriint. It is much easier
and more economic to tackle a high- grade deposit, either as an open pit or underground than a
low-grade, broadly disseminated target; think about cost, land claims, watersheds, and environmental
mpact as well.
As I once heard well stated. .............Grade is always King, not size.
This story has all the elements of being the real deal but is still very much under the radar sotospeak and
is just getting started. It will be the drills doin' the talking at the end of the day.
JMHO