GREY:OGLDF - Post by User
Post by
herbaciouson Jul 05, 2011 11:04am
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Post# 18796272
2011 DRILLING PROGRAM IN SESSION
2011 DRILLING PROGRAM IN SESSIONTHE KIGORE GOLD PROJECT
is a bulk tonnage volcanic -hosted ephitermal gold system with multi -milllion ounce potential.
a total of 34,000 metres of drilling by ECHO BAY, Pegasus, Placer dome and now OTTIS has been completed up to date.
up to 10,000 metres of drilling is planned for 2011.
the project currantly has 4 main targets
THE MINE RIDGE
hosts an existing ni 43-101 compliant resource of 218,000 ounces of drill-indicated gold (7,043 million tons @0.031 opt Au,0.010 Au cutoff) and 269,000 ounces of inferred gold (9.661 million tons @ 0.028 opt Au,0.010 opt Au cutoff)
2010 drillprogram opened the MINE RIDGE DEPOSIT in FOUR directions
46 of 51 OTIS GOLD core holes drilled between 2008 and 2010 have encountered SIGNIFICANT GOLD MINERALIZATON.
Its an oxcide-hosted gold deposit with excellent metallurgy, gold recoveries up to 9$5 on half inch crush column leach tests
Preliminary environmentally scoping study indicates no significant impediments to permitting an open pit mine (goder associates 2010)
THE GOLD RIDGE TARGET
is an early stage exploration target
it has excellent target based on soil anomalies
a 1,500 m of drilling planned for 2011
most important
GOLD RIDGE IS ON STRIKE WITH MINE RIDGE DEPOSIT
PROSPECT RIDGE TARGET
scattered historic drilling has encountered ore grade intercepts.
exact same geollogic footprint as at MINE RIDGE
Good road acess to drill site
3,300 m of drilling planned for 2011.
PROSPECT RIDGE AND GOLDRIDGE ARE ON A TREND WITH MINE RIDGE TO THE NW AND SE EACH HAVE MULTI -MILLION OUNCE POTENTIAL.
DOG BONE RIDGE
is 5 times the size of MINE RIDGE FOOTPRINT
It has historic drill indentification ore grade intercepts
probable dykes and associated mineralization has been identified.
1,000 m of drilling planned for 2011.
as you can see this company is on the path to major success, and at the currant share price, attention to this ongoing play is essential.
always do your own due diligence
herb