Cote LakeThe excitement with Augen Gold relates to the Trelawney Cote Lake discovery. The BTV clip on the Trelawney site refers to this find as a PORPHYRY type deposit. Trying to understand the implications of this to Augen, I came accross the following Ministry of Natural Resources Canada website:
https://gsc.nrcan.gc.ca/mindep/synth_dep/porph/index_e.php#grade
A few key statements from this site include:
Porphyry deposits are the world's most important source of Cu and Mo, and are major sources of Au, Ag, and Sn; significant byproduct metals include Re, W, In, Pt, Pd, and Se. They account for about 50 to 60% of world Cu production and more than 95% of world Mo production. In Canada, they account for more than 40% of Cu production, virtually all Mo production, and about 10% of Au production. Porphyry deposits are large, low- to medium-grade deposits in which primary (hypogene) ore minerals are dominantly structurally controlled and which are spatially and genetically related to felsic to intermediate porphyritic intrusions.
Along with................
Porphyry deposits are large and typically contain hundreds of millions of tonnes of ore, although they range in size from tens of millions to billions of tonnes; grades for the different metals vary considerably but generally average less than 1%
So - do any of you out there understand how "large" might translate into topographical size. In other words, when can we comfortably extrapolate an extension of the Trelawney findings onto the Augen claims. You see, investing with a prediction (aka gamble) can make a lot more money than waiting for drill results.
??digger - any comment