Reason For OptimismUsually I don't like to repost other's comments but when I was googling Silverjack, Slam, etc. I found this old post by mooreman that I think is quite pertinent.
...Of the 20 holes drilled, 16 encountered highly anomalous levels of silver-zinc-copper-lead mineralization. The highest grades encountered in the program were quite economic values - 19 ozs. silver, 14.6% zinc, 12.8% lead and 2.7% copper.
Approximately 1/2 of the intersections were 3.0 - 6.6 m in width. These vein widths are significant for this type of deposit. As mallgirl posted before, there are many similar deposits in the world being mined with average widths of 2-3 m. Hole 14's intersected width of 6.6 m is very impressive, and the fact that it assayed highly anomalous/economic values throughout makes this intersection that much more encouraging. As one poster incorrectly mentioned earlier today, today's significant assay was not the result of a small portion within that 6.6 m; but the grades were fairly homogenous throughout.
What I also found very promising was that so many of the intersections were of greater thickness than the historic Dome holes. The historic intersection that the co. often reports with its nrs was 2.8 m. Well, as mentioned earlier, approximately 1/2 of our holes were 3.0 m and greater. So often, cos. acquire historic properties, hype them, then simply duplicate previous results. This is not the case here. SLAM has successfully intersected the zone, duplicating the general grades, but in several of the holes intersecting at much greater widths than the old timers did, thereby providing optimism and further reason to conduct future exploration on this property.
Finally, I found it interesting, mallgirl, that the historic 17 ton bulk sample grading 51.05 oz/ton (1750.3 g/t) silver, 14.3% lead and 10.2% copper was not removed from this area of drilling but from the Knowles Vein which is 100 metres to the northeast and was never tested with this drilling.
Initially when they acquired this property and started working it, I have to say I was indifferent; however that indifference has turned to optimism. The focus for me will always be Nash Creek; however "the icing on the cake" got a lot thicker and sweeter with today's announced drill results.
Having said that, there's so much to look forward to in the coming months. It's hard not to be encouraged about the prospects of continued exploration work and steady stream of assays and nrs whether they come from Reserve Creek (gold), Keezhik Lake (gold), REE exploration, Silverjack or Nash Creek (JV/development announcement?)...