Argex Titanium Inc. ARGEF

RE: Size of La Blache to increase?

[canada7]

Yes, you are right that the 2010 drilling campaign may indeed increase the historical size as RGX drills much deeper into the holes than before. Historical drill results did not go down 25 meters vertically, as they drilled at very small angle, and thus historical drill results cover more breadth rather than the depth. But this time RGX drilled into depth, thus we have 190 meters of 17 g/t gold equivalent.
However, I do not know if historical resources include 3 lenses or not. The previous 43-101 did not say, and I think one lens had few drill holes (one or two?) in it. I do not think RGX has drilled at that lens at all in 2010.
So, we have 2 lenses versus 3 lenses, we have the depth, and each lens area has expanded. Thus, it is almost certain that La Blache will have MORE resources than historical resources, but this is not guaranteed for this round of drilling campaign as only 2, instead of 3 lenses are drilled in 2010. 
Also RGX did not release the drilling location of the last drilling campaign nor are the drilling results.
I fully expect the last drilling results will produce similar results as before, and I fully expect the 43-101 will produce 60M tons of resources. I take this conservative estimation at this time due to 2 lenses are drilled only, and 60M tons are all RGX needed for 20 years of commercial production at 3M tons per year.