GGL - Komatiite - DD GeologyFor those of us -
...who are geologically curious but illiterate or semi-literate in that field there is an interesting write-up in Wikipedia. It is quite readible. It helps if you know someone who is well versed in that field and will sit down with you to explain it all.
The LINK is https://en.wikipedia.org/wiki/Komatiite
There are numerous geological terms used in the NR of April 04, 2007 such as "komatiites", "tholeiitic", and others that are explained, at least to some degree, in the above LINKED reference. So, if you didn't have much of a clue before, at least this might help warm you up to a few of the terms.
I have included a snippet (4 para's. from Page 1) from that NR immediately below where numerous terms are used:
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"...The belt, named the Winter Lake Supracrustal Belt, includes large volumes of mafic and ultramafic rocks, dated as being 2.7 billion years old and including tholeiitic basalts, komatiites, serpentinized peridotite, and gabbro intrusions. The belt features deep-penetrating faults, sulphur-bearing sediments in the form of black shales and massive sulphides. The various rock units within the belt are strongly deformed and have similarities to lithologic sequences that are known to host world-class nickel deposits.
Included within the belt of rocks underlying the property area are komatiites, which are very magnesium-rich volcanic rocks generally found only in early Precambrian sequences.
A remarkable global outpouring of komatiites occurred around 2.7 billion years ago, and many of these host a significant proportion of the world's sulphide nickel resources. Examples include the Thompson Nickel Belt (TNB) of Manitoba, the Raglan belt in northernmost Quebec, the Kambalda deposit in Western Australia, and Hunter's Road in Zimbabwe. All feature similar settings within unique geological belts developed along extensive fault or suture zones that transect the early Precambrian cratons within which they occur.
The presence of nickel in sulphide and associated elements, coupled with the chemistry of the mafic and ultramafic rocks in this newly defined belt are indicative of their potential to host significant nickel deposits..."
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Suffice it to say that the VOLUME of shares traded in the past few speaks VOLUMES as to the POTENTIAL (NOT money in the bank of this project) of the Winter Lake area. Actually, it reminds me a bit of the early days of DiaMet where a lot of behind-the-scenes work was done and land was tied up by C. Fipke and crew and many financial people were not even aware of what was happening. And those that were, were very skeptical BUT became believers only AFTER the price had already risen substantially (i.e. from about $1.00 in Oct./91 to past the $20 mark 6 -8 months later) and AFTER ALL the "easy" money had been made.
Of course, I see that there is the usual skepticism as GGL will climb "the Wall of Worry" as well as the usual band of naysayers and bashers who are miffed because they failed to get in on the ground floor and are trying to shake loose some low priced shares by playing on the fears of those who bought higher and perhaps even much higher than Thursday's close.
BUT remember folks, this story has hardly even started. It is still in the sprout stage and yet to go into bud. Caution is advised. Do your DD as best as you can. Remember BIG Rewards usually come with BIG Risks taken EARLY and managed prudently.
All the Be$$$t,
LB