RE:RE:RE:RE:RE:RE:Pyrite... thanks Backspace. I am not a geologist. I am interpreting many things as I suggest. Perhaps consider subscribing to Kaiser as he has some good stuff to clarify alot of the geological questions that surround CTGD’s and the company news releases and videos.
At the end of the day, the fact there is pyrite in hole 4 is a good thing. The more pyrite the better as it correlates with gold according to the study that I included earlier. Heck, I could be misinterpeting that too so don’t listen to me. Look into it yourself and decide what it means.
The higher the gold values in these early holes, my understanding is the closer the hole is to a potential deposit. If anything, I could be completely misinterpreting things because at the end of the video they mention that near the bottom of hole 4 there are intervals of increased silicification and visible pyrite which is terrific or something along those lines. It is a vague description but they felt it was worth mentioning. They don’t talk specifics about the pyrite other than I assume it isn’t arsenic pyrite which from my novice understanding is typically associated with high grade Au values. If it was arsenic pyrite, I am guessing they would say nothing about it and let the assays speak for themselves.
Oxidized or not oxidized, pyrite is associated with CTGD’s. I am sure the company will have more to say about hole 4 when the assays results are in. The assays will speak the truth and the higher the ppb Au, the closer we are to a potential deposit source assuming the concept they are basing their vectoring strategy on is the holy grail to finding a CTGD under cover!
Don’t listen to me though. I am not a geologist. I am a subscriber to the Kaiser Bottom Fish Report. I am a novice investor. And due your own due diligence first and never base an investment decision on stuff that is posted on stockhouse.
Excited to find out hole 4 results. Wondering where things are at with hole 5 and whether or not they have enough cash to keep going onto hole 6.
ShellsRFun69