Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

GoldON Resources Ltd V.GLD

Alternate Symbol(s):  NCMBF

GoldON Resources Ltd. is a Canada-based mineral exploration company, which is focused on discovery-stage properties. The Company is in the business of exploring its mineral exploration assets. Its projects include West Madsen, Slate Falls, Pipestone Bay, Pakwash North, McInnes Lake, McDonough and Hagarty Creek. The Pipestone Bay Property is located within the Red Lake Greenstone Belt (RLGB) approximately 32 kilometers (km) west of the town of Red Lake, the 1,015-hectare Pipestone Bay Property lies in an area of numerous significant gold occurrences, including two past producers and four developed prospects. The Hagarty Creek property comprises 17 mining claims covering 7,731 hectares. The property is approximately 46 kilometers (km) southeast of the town of Longlac in the municipality of Greenstone, Ontario. The McInnes Lake Property is located over 115 kilometers (km) north of the town of Red Lake. The West Madsen Property is located in the heart of the Red Lake Gold Camp.


TSXV:GLD - Post by User

Bullboard Posts
Post by digger144on Jan 20, 2011 1:42pm
655 Views
Post# 18002708

Overcut & Undercut...

Overcut & Undercut...
I believe I have figured this out...the answer is right on the Trelawney website. (Operations Tab..click on Chester Complex)

Trelawney’s first drill hole E09-01 intersected 136 metres of 1.16 g/t Au including 90.51 g/t Au over 1.00 metres.

An overcut hole E09-02 did not hit mineralization and the drill rig was turned to face grid south (150º Az). The 3 subsequent holes 03, 04, and 05 all hit wide widths of mineralization including 107.11 metres of 8.20 g/t Au including 313.55 g/t Au over 2.56 metres in hole 04 and 178.8 metres of 1.45 g/t Au in hole 05.

Check out the first couple of lines..."An overcut hole E09-02 did not hit mineralization". If you click on the following it will take you to Section 93+00E which clearly shows that E09-02 was drilled "over" E09-01. This is great news!

https://www.trelawneymining.com/pdfs/Section%2093+00%20interp.pdf

Hole E10-37 drilled in Section 94+00E was an "overcut" hole which means it was most likely drilled over Mega Hole E10-33 moving South not North. Therefore...we will anxiously wait for the "undercut" hole drilled further North..North West from Mega Hole E10-33 which will be towards Augen Gold Claims. I have a "damn" good feeling about this hole!

Another piece of most interesting information from the TRR release and it pertains to us GLD shareholders is hole E10-38 drilled on Section 96+00E, which hit 28 metres @ 1.16...between 436.29 metres to 464.38 downhole and was an undercut hole...this was moving North..North West.
They picked up the mineralization very deep which appears to me that they just touched the Zone that is coming into play.

The Cote Lake is most definitely dipping steeply..North..North West towards Augen Claims close by. The good news for us is that not only as TRR moves towards us the deposit is getting deeper which means that they deeper they have to go the more valuable our Claims will come into play. They will have to expand the Open Pit significantly to get to the mineralization which means they must scoop up the Augen Claims in close proximity. You just cannot go straight down and get the ore, you must go around and around and around...especially when we know thus far that that deposit goes to a vertical depth of at least 500 metres...I think we are going much..much deeper!

It never gets any easier...got to love it though!

Digger 144

P.S. These type of plays are very difficult to come by...hang on!

Bullboard Posts