must read postI have to thank beermountain for this one, I copied and pasted it from his post on the SKV board. Its a long post so keep scrolling down as there is alot of important information here and make sure to click on those links to see those claim maps
Skygold is Star Fleet Command. Thunder Ridge is the Enterprise seeking out new HIGH GRADE GOLD. This voyage doesn't stop. Take a look at HPY.
Skygold has a huge amount of low grade gold. 4.4 million ounces. It gets better. Skygold may have a high grade gold situation on their hands that may bring unbelieveable attention to them. CPQ is valued near $5 a share now. SKV may possible get a similar valuation down the road. Why? THUNDER RIDGE! AC DC . Yes THUNDER Ridge!. This is speculation of course which uses the knowledge of some previous drill data that gives this thought some serious merit.
Click on the links and try to understand.
1. Happy Creek is BLUE. Skygold is RED.
https://bcminingproperties.com/images/thunder2.9.gif
2.
Happy Creek closeness toSkygold Thunder Ridge.
https://bcminingproperties.com/images/ThunderRidge%20DHSC017.9.gif
3.
Structure direction
https://bcminingproperties.com/images/thunder%20corridor.9.gif
4.
Target (note RED is Happy Creek's, HPY, property)
https://bcminingproperties.com/images/thunder%20google.6.jpg
SKV's Thunder Ridge and Happy Creek's properties look as if they should be married. If SKV does produce a high grade situation then HPY seems to be very logical in this mix!!! It could be HUGE upside for SKV, which is very undervalued and huge upside for HPY (only 27million shares, cash in the till, numeorus projects and trades at 15 cents!!!).
Read the below cut/paste.
The last
documented soil sample taken was approximately 545 metres south of the claim boundary and approximately 100m SW of drillhole SC007 where Skygold sampled what they called the "detailed soil grid". The area was described as being 700m x 800m. In the most recent update Skygold (Sept 01) indicated:
"All of the drilling has been completed within an 850 metre by 350 wide metre corridor which is contained within a 1500 metre by 800 metre wide gold soil and rock sample anomaly."
The most southerly hole drilled to date according to Skygold's reporting is SC006 apparently which returned no measurable result. If the anomalous area has since grown from 800 metres 1500 metres and SC006 returned nothing; the continued focus of exploration has to be to the north. Based on the newly indicated size of the anomaly (1500m), Skygold may have already geochemically sampled their way on to 596446 by as much as 500m or more and are very quietly sitting back hoping like heck the claim will be allowed to lapse come December.
FYI: There is a ZERO percent chance of that happening.
The maps above depict the claims as well as the general (northerly) drilled area. I have plotted the approximate locations of *DH SC017 & *DH SC007 which are located approximately 325m and 440m respectively to the south of the 596446 southern claim line.
Note the structural corridor which is quoted as being "open in all directions".
The lower map (above) plots out the locations of the last documented samples taken inside Skygold's "Detailed Soil Grid" (page 34 of ARIS Report 29139). A couple of excellent soil samples, including a 532.3 ppb AU sample taken (one of, if not the highest taken) approximately 100m from the top of the grid. My assumption is that additional sampling locations will be released in ARIS Report 30377 although I have no idea when that will be. I can tell you with all certainty however; that DH SC017 was not drilled where it was blindly, and the truth be known, even more drilling may have been done than has been disclosed. A quick fly-over would probably tell the story.
September 1, 2009 Drill Results
*Hole SC-017 located approximately 325m south of the claim line intersected 8.84 g/t gold over 7.5 metres including39.50 g/t gold over 1.5 metres and a second zone of 2.14 g/t gold over 9.0 metres including 9.45 g/t gold over 1.5 metres and 1.13 g/t over 19.5 metres.
Hole SC-018 intersected 2.88 g/t gold over 24.0 metres including 9.68 g/t gold over 6.0 metres and including 18.05 g./t gold over 3.0 metres.
Hole SC-015 intersected 3.23 g/t over 6.0 metres including 11.40 g/t gold over 1.5 metres
Gold mineralization is noted in several styles including quartz vein hosted, structure controlled and disseminated zones in black shale sequences. Early interpretation indicates that there may be several sub-parallel or folded zones of gold mineralization.
“These current results demonstrate the good potential for a high-grade gold deposit at Thunder Ridge. This new discovery has returned significant gold values in quartz veins within an 850 metre by 350 metre area and remains open in all directions.
Nine of the ten holes completed intersected gold mineralization which is a very high success rate and even more compelling considering the zone does not outcrop. The wide spread nature of the gold mineralization, high grade values and multiple zones of quartz veining highlight the potential of the area. Thunder Ridge has the potential to host a large scale gold deposit with high grade structurally controlled zones.Skygold has already discovered a +2.5 million ounce deposit in this belt of rocks and we are very excited to see Thunder Ridge developing into a significant gold deposit.”
January 14, 2009 Drill Result
*Hole SC-007 located approximately 440m south of the claim line intersected 1.23 g/t gold over 11.5 metres including 4.83 g/t gold over 1.5 metres and 1.32 g/t gold over 6.5 metres in separate horizons.
SORRY
THIS EXCELLENT PROPERTY HAS BEEN
"OPTIONED"
TO
HAPPY CREEK MINERALS LTD.
TSX-V (HPY)