Cote Lake Deposit...Trelawney Mining...our most wonderful neighbour...who has been so kind as to spend millions upon millions of dollars (I am a shareholder of TRR) and provide us with incredible details in regards to prospects in very close proximity to our claim #3018490, has just recently released some very telling information...click on the following:
https://www.trelawneymining.com/pdfs/Cote%20Drill%20Map%20Satellite%20Photo.pdf
What does this tell us?
First of all, I want to go back a bit to the early days of the Cote Lake Discovery...at that time it appeared that the strike...trend...would be running East to West which in my opinion at that time demonstrated that the chances of the mineralization trending onto Augen Claims (I was not a shareholder at that time) did not look that good. However, as data was released I began to zero in on some possible outcomes, which led to my decision to take a significant position in GLD and furthermore it was holes E10-28 and E10-37 that began to make me more and more confident about the possible outcomes for Augen Gold.
The latest data is very, very positive in terms of our chances of success! In the latest release of the Diamond Drill Hole Locations Diagram and the current Cross Section Diagrams the headings confirm that the Cote Lake Trend is shifting to the South West and not moving in a more Westerly direction. It is very clear when you direct your attention to the "pending holes" illustrated in blue in new Sections 88+00E & 87+00E which by the way are 100 and 200 metres respectively away from the last known mineralization that they are hitting targets in a South..South West direction...very telling!
This excites me as an Augen Gold shareholder. The trend appears to be making a significant shift to the South which leads to me to believe that the Cote Lake Deposit is Trending North to South...not...East to West. If this is true, then Mineralization in Sections 92+00E...93+00E...94+00E and 95+00E will trend onto our claim #3018490 which depending on the Section that you use is anywhere from 150 metres to 250 metres away from our shared border with Trelawney.
Not only that...the deepest mineralization to-date has been found to a vertical depth of about 550 metres which is in the North..North West Region of the deposit and in very close proximity to our claim #3018490...due to this factual information I am pretty confident that the source of this deposit came from a North..North West direction and spewed into other areas from there.
Trelawney has located Mineralization in Chargeable and Non-Chargeable regions which were determined by a Sweep of the Property...leaves possibilities wide open in our direction.
The next set of releases from TRR will better outline the Trend of Cote Lake..they have five drills turning in the South West area of the deposit.
Looks good to me right now that Cote Lake is Trending North to South...Fantastic!
Let us not forget that we have a drill presently turning along the shared border in the Sections previously mentioned which will eventually tell the story and the facts will be established...we must wait but in the meantime I believe vision and foresight and analysis points to what our chances are and have affected my investment decisions...in otherwords...just how much money I have put into this play....before the results are released. As always, that is a personal decision one must make taking into account their risk tolerance....I believe that the Risk-Reward Ratio is in our favour!
It is never easy!
Good Luck to All!
Digger144
P.S. Bad news...it will not trend onto our claim # 3007643 located to the West...we cannot
have it all!