GREY:KXLAF - Post by User
Comment by
coffinraideron Mar 17, 2011 12:38pm
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Post# 18299296
RE: RE: RE: RE: A few interesting observations...P
RE: RE: RE: RE: A few interesting observations...P
Richmont Gold currently trading at $5.60 now with their reserves running low could be a big player with a big interest in Prodigy's Magino property right next door.
Having an operating on site 850 tonne a day rated CIP mill combined with their 2010-11 ongoing 95,000 meter drill program just a stones throw from Prodigy , who sit on a large resource with a new NI-43-101 resource report due in less than 4 weeks makes for attractive buy-out interest .
You gotta love the shared geological diversity running directly through Richmont and Prodigy's property's within the known 30 km long and 4.5 km wide northeasterly trending, structurally deformed zone, called the Goudreau Lake Deformation Zone GLDZ, that occurs between the two assemblages.
Including its subsidiary splays, the GLDZ is believed to be the main control on gold mineralization for the area.