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Searchlight Innovations Inc T.SLX


Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues. The Company is focused on acquiring business across the mining industry.


TSXV:SLX.P - Post by User

Comment by sunwoodon Sep 30, 2011 10:16pm
275 Views
Post# 19106698

RE: RE: RE: AS far as Bonanza?

RE: RE: RE: AS far as Bonanza?    Well, I sincerely thank each of you you who responded to my plea in one way or another!  I appreciate it, and I suspect there are other readers besides myself who find it a learning experience.

    To respond to TrueBull first, I don't really think it's a matter of jumping the gun at all.  At least, not in my case.  Having it pointed out that this is just a small part of the planned drilling program, and is related primary for immediate use by those at the rock face is an important fact that may not be immediately apparent to one reading numbers of a table, even given the couple of explanatory paragraphs in the NR.  It is precisely the reason I was asking for someone to walk us through it.

    "Jumping the gun a bit" would be a very fair comment if I had some training in this field of drilling, but I don't.  It's not the first time I have looked over drill results by a long shot, but there are many types of drilling scenarios.  In some areas, such as northern parts of Nevada, just a gram or two of gold per ton looks good because of oxidation, and the relative ease with which  the precious metals can be pried loose from their host.  In other places, the metallurgy involved might not be cost-effective.  In some cases, the drill results are in virgin territory, while areas like La Guitarra have been mined for centuries.  In some places, you have virtually no idea what you're gong to find, while in others drill data has already been amassed over long periods of time.  I was looking for someone to assess the specific La Guitarra results and help me understand their significance.  I think mouserman did that. 

    The "Bonanza" comment, as someone pointed out, came from other sources.  I read it somewhere in my surfing.  I remember it was written by a lady reporter connected with Kitco minutes, and I read it minutes after I had posted my comment here that I didn't think the grades were Bonanza,  So, I figured I must be way out on a limb here and didn't understand what Bonanza meant.  (It was not a comment by Duane Nelson, mouserman.  Sorry if I mislead led you.)

    .Your post was very helpful, mouserman, as least for me.  You put things in perspective.  I now look as the published results more as production tests and assessments rather than as exploratory drill results.  If I understand mouserman correctly, the length of the drill holes make it clear these are not drill holes looking for the deeper sources.  That was the impression I got when I first looked at the meters drilled.
 
    I think your final comment, mouserman, put it all in perspective for me: i.e "Bring on the shallow drilling surface results.  Now those may get some people excited."

     Finally, mouserman, I was interested in your comments re Duane.  I've read his bio and you're quite right, he doesn't appear to have  a  hands-on mining background.  Still, that said, who do you feel is the driving force at SLX if it's not him?  Is it Mr Arthur Brown, who I have slighted as an absentee landlord on the odd occasion?

sunwood
ps Thanks too to Bogapet and Mine... (sorry, I never have the names at my fingertips when I'm writing.)  You both also helped me understand.  Now, if someone says to me, "I don't think those grades are so hot!'  I can say,

    "Don't you think we're getting a little ahead of ourselves?"  

      A little knowledge is a dangerous thing - and now I'm dangerous! 
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