GREY:TWNNF - Post by User
Post by
digger144on Sep 04, 2011 9:48pm
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Post# 19011542
Latest Findings...
Latest Findings...
Upon careful examination & analysis of the updated Cote Lake Cross Section Diagrams and Diamond Drill Hole Location Map, I have come up with the following:
Section 93+00E (Discovery Section)
Mineralization found in headings 9800N to 10300N and to a vertical depth of 600 metres.
Section 88+00E (500 Metres Further Down Strike)
Mineralization found in headings 9600N to 10000N to a vertical depth of 400 metres.
Section 86+00E (200 Metres Further Down Strike)
Mineralization found in headings 9700N to 9900N to a vertical depth of 300 metres.
Miss in hole E11-79.
Section 85+00E (100 Metres Further Down Strike)
Misses in Holes E11-75 & E11-80 in headings 9600N to 9900N.
I is clear to me that the strength of the Cote Lake Deposit at this point in time lies to the North East and has weaned out in the South West. The Trend is North East to South West and the Mineralization is much stonger in the North East region...the possible source of the discovery..In close proximity to Augen Gold Claims to the North...North West with a much evident dip in that particular area.
They are continuing with the same strategy as in the past and have drilled the same pattern in New Section 84+00E further West @ 6 Holes. The chances for the holes hitting to the North on the same heading as Section 85+00E is not good...but...they may have success with the holes moving in a more Southernly direction....this is the shift that I have talked about in the past.
Most noteable is hole E11-89 collared in New Section 83+00E....this hole will be very telling in terms of where the Cote Lake may or may not be heading. The Induced Polarization Survey suggests that there is a high probability that additional Mineralization will be found in a more Southernly Direction.
The pending holes are many and the results from these holes will better determine the expansion potential of the Cote Lake Deposit...the market as myself will be anxiously awaiting the assay results. I believe that they have been successful as they pushed in a more Southernly direction...I will tell you why? The fact that they released the missess in New Section 85+00E namely, E11-75 & E11-80 suggests to me that they have had success in other holes to the South in that Section which will prove to the market that the Cote Lake Deposit is still in expansion mode! Not releasing the missed holes would of allowed them to buy time and hope for better results...they did not wait...a very positive sign, in my opinion.
What to look for...the findings in Sections 85+00E, 84+00E & 83+00E will be very, very important...they will signal whether the Cote Lake Deposit will expand or will demonstrate that the limits of the discovery are in place in terms of the Trend of the Strike.
These "things" have a mind of their own and it is very difficult to assume where the fault will continue or mineralization will be found once more. There may be a gap before they discover mineralization once more. The way it looks right now...this baby is moving South!
I just love the way they held back the updated Cross Section Diagrams & DDH location Map...they did not want to give Augen Gold & Sanatana Resources the "heads up" and supply them with valuable information as to the trend of the Cote Lake Deposit...Sanatana delayed their drilling program for that same reason...a very good move on their part...they have very limited drilling resources and would of blown it very quickly with poor success.
One more thing...the fact that they released this information tells me that they have the shares in hand necessary to secure the take-over bid for Augen Gold...67% plus to be sure!...as for 90%...not quite sure on that one.
Digger144
P.S. As we wait for additional results to the South...South West...these will be exciting times
one way or another!