RE: RE: Expectations for Brazil Lake AssaysYes kbrg35, they know this because of past drilling.
They have all the results from Champlain that was conducted on both dikes with the richer of the two being the North Dike where they are concentrating the current drilling.
Again, this will be proven an exploitation play due to the past drilling, IMO.
I agree only the assays will prove what's there, but you should believe that the past drill results have already proven this to some extent, and unless someone has stolen the mineralization, it should still be there.
From their Aug. 18 News Release:
The drilling will be carried out on the two previously identified pegmatite dikes with the bulk of the drilling targeting the North dike. Approximately 1620 m in 10 holes will be drilled to define the North dike down to the -125 meter level over a strike length of 150 meters. Three tiers of holes will be drilled at 75 meters, 100 meters, and 125 meters. These holes will assist to define the geometry and grade of the North pegmatite dike. The second target is the South dike which will receive approximately 560 meters in 5 holes to define the dike down to the 50 meter level. If these holes are successful, the Company intends to drill another tier of holes at the 75 meter level which would entail a further 700 meters of drilling.The current budget is for approximately 2,500 meters of drilling which allows for some exploratory holes outside of the main two target areas. Until very recently, the Company has had field crews conducting a detailed prospecting and mapping program over the property surrounding the current know dikes. The focus is on locating other pegmatite dikes in addition to the established North and South dikes. Excess drilling footage will be used to drill these new targets should any be found.