TIX.vTiex is one hell of an interesting story. The mineralization is very similiar to SKV's Spanish Mtn, as a matter of fact the current main project of interest is just north of Likely. A lot of the same rocks etc.
Theres no interest in this one because theres been no talk, no promo and no one is going to rush into 300m of .25g/t. Yeah thats right, thats one long intercept and theres other long intercepts from all six holes released from their first pass drill program at Gold Creek.
But as I said the NR was a yawner because no one is going to rush into those numbers. But its what wasn't in that NR thats so intriguing. You see buried in the website are a few things you might want to think about.
Firstly they only recovered 30% of the core.
Secondly they assayed the drilling sludge from the whole intercept length and got assays back well over 1g/t.
Thirdly they drilled at an angle, on the edge of and away from the MMI anamoly.
Fourthly they have 6 holes, all mineralized with good long intercepts. Within those incrediably long intercepts they have 60-80m intercepts of .8-1.25g/t and these higher grade intercepts were never put in the original NR. These kinds of systems and theres more then a few in the area being worked, never stretch 400-600m and then stop. We're looking at 60 - 80m stretches of .8-1.25g/t over 400-600m there almost has to be more.
But the kicker here and the fifth interesting thing you have to be aware of is the MMI's, only a bit of the edge has been drilled. They need to be drilled.
The MMI is a fairly new tool and has only been used on Tiex's ground as far as I know. If it works and we hit something then everybody will use it. If it works it'll bust open the whole area. The south slope of SM would be a good canidate for this technology.
But if the MMI misses the fallback for TIX is a target similiar to Skygold's SKV.v Spanish Mtn (SM), sediment hosted gold deposit (SHG).
You can't use sludges to give you a grade. If your sludges average 1.25g/t your core won't. Totally unreliable. BUT when your sludge averages so high and you lose 70% of your core and your core still assays .25g/t to 1.25g/t over 300m thats something that is very intriguing and needs to be worked further.
I took a small piece of the PP and have bought some in the open market. This is, imo, good speculation, and its what makes us ahead of the herd. Theres never a guarantee in life or investing, but if it turns out that this overlooked little junior with 25mm shares post PP has the goods then money will be made.
This is a drill play, if they pull a good hole I'll do well, imo. But if they miss could be a while before I get my money back. The PP is closed, drilling is suppose to start immediately and they are using a drill and crew from SM so core recovery won't be a problem.
ttfn
nopoo