SLTA Exploration/DrillingThis report went out in 2008. Didn't mean much to the market at the time( no funding for drilling) Now with funding in & the budget approved by GoldLake Italy.. drill targets being defined Corp financials in the works to submitted to the SEC... A smart Gold-Stock prospector will be watching SLTA even better if you are a shareholder !!!
As per 2008 News release;
The results suggest that the structure is broader and more complex than the simple vertical vein interpreted by previous workers. In fact, the re-interpretation suggests that the gold-bearing quartz could be concentrated in anticlinal structures, rather similar in character to those of the
“Bendigo and Ballarat gold fields in Australia”
Quote from April /2008 news release:
“ report was done in 2000 entitled Considerations Regarding The El Torno Prospect clearly delineating a 500,000+ ounces gold opportunity on a portion of the property and then goes on to extrapolate these results over the rest of the strike zone to conclude that there may be a 2,000,000+ ounces of gold potential at El Torno. The report also states that the geological structure is similar to those at the Bendigo and Ballarat goldfields in Australia, which have each produced in excess of 20,000,000 ounces of gold”