RE:Exploration lottery ticketThought this post was worth quoting again ... sums up where we are at heading into the Christmas holiday season!
rockport1 wrote: While this is my first post in many years, NGE is a such an intriguing prospect that it has piqued my interest. It seems to be one of the few exploration companies that is singularly focussed on finding elephants. They are clearly looking for the big prize in Carlin; one of the few worthy exploration lottery tickets.
The latest hole, SGVC004, appears to be a significant advance based on the pathfinder elements charts. My quick visual look at the charts (not actual values), suggests SGVC004 has far “more than twice the gold budget” indicated in the news release. To my eye, it looks closer to four to five times more at the highest level on the chart vs SGVC002.
SGVC002 does have six to eight times more Thallium at the highest levels compared to SGVC004, but SGVC004 has three to four times more antimony at the highest levels. I assume this means both the SGVC002 & SGVC004 areas are very prospective, but not quite there yet. It will be quite fascinating to see the pathfinder values for SGVC005 & SGVC006. IMO, If these values show further improvements, things will get very interesting very quickly.
It appears that two distinct prospective areas are forming: the SGVC002/Goodwin Butte area, and the SGVC004/005 area. All fascinating…