RE: to quietQuiet is good, because sometimes it's best to let sleeping giants lie. In my opinion, this has the potential to be a giant and when it's ready, it will jump up, not just stand up. Management has stated that drilling started on October 19th, and was expected to take 6-8 weeks to complete. Even if they are a little slow, that's ok with me. Don't forget about the labs, that must be seeing historic levels of exploration samples. It all takes time. I don't know the history of the management here yet, but what I read in the first news release on this site, was good enough to get me to jump into a 22mil!? 27 mil outstanding shares, very interesting prospect. Here is the interesting part for me. The similarities of the property to Pierina and the man that has made that observation; Candente's, Ing. Fredy Huanqui. Mr. Huanqui saw the Pierina property rise from a penny stock, to an eventual buyout at $30 a share. Read this again folks and ask yourself if you see what I see?
The resistivity body occurs near surface and to a depth of at least 100 m and a high chargeability body occurs just below this. Vuggy silica often occurs at the interface between resistive and chargeable zones. Vuggy silica is the typical host rock for gold mineralization in high sulphidation deposits such as Yanacocha, Pierina and Alto Chicama (greater than 70 million (M) ounces (oz) gold) in Peru (www.barrick.com and www.newmont.com). At Pamel, vuggy silica float has been found where the highest gold values occur in soil samples.
In addition, the host rocks at Pamel are of the same age and lithologies to those hosting the Pierina, Yanacocha and some of the Alto Chicama ore bodies. Clay alterations (alunite and dickite), typical in the deposits referred to above, are also present over large areas on the Pamel property.
The Pamel Property was named after the second daughter of Candente's co-founder, Ing. Fredy Huanqui, when he recognized alteration features similar to those he had recognized at Pierina in 1994. Huanqui named the Pierina gold project after his eldest daughter when he worked for Arequipa Resources Ltd. The Pierina deposit (8.7 M oz gold) was sold by Arequipa Resources Ltd. to Barrick Gold Corp. for US$700M in 1996. Patience people. It might just pay off. Sorry about the long post, but it seems like a great time, since the board is SO QUIET! arqpa.