GREY:GBRIF - Post by User
Comment by
fungi294fron Dec 21, 2011 2:05pm
265 Views
Post# 19342620
RE: RE: RE: WHOOPIE!! - financing off
RE: RE: RE: WHOOPIE!! - financing offWho are you JLT? All of a sudden you have sometimes been saying the truth this last couple weeks. Sometimes Jekyll and sometimes Hyde. You have an inside track and you are actual doing some research to base your analysis with facts.
You nailed it w/ Gary.
As far as these latest in till samples, Round Lake is actually prudent.
Consider:
301 Pit is an open pit very similar to EP without a proven supergene. But it is within walking distance from Komis and EP and completely accessible. So cheap and easy.
In Fireweed, it's also accessible near the road from Komis to Dog Creek. 250m strike along surface. I think they've been searching for this baby for a while. Klaus, who basically discovered Bingo and Memorial, thinks he has "found the future of Golden Band'.
Big M another target along the same road except, unlike Fireweed, nearby other high priority prospects of Charlie's Eye, Dog Crrek and Discovery Point.
My biggest question today is in regards to the lack of communication in the latest NR. I would have liked to have heard how many holes and depths being drilled at Roy Lloyd. Would have been a real bonus to hear which portion of the strike they are drilling. Or are they back to Cockrum, which they are definitely planning, or is it another sub-parallel(which I doubt at this time). Currently we have only been told "Phase 1" will be to "provide additional data on the inferred Mineral Resource below existing mineral reserves".
I mean considering they only have 5 holes in total drilled to a depth between 137m and 230m the information there is pretty limited. The 137m hole was up at the north end of the strike and missed the target. The other 4 holes, though good results were back in 2002. Beyond that the 11 holes drilled to test the down hole plunge in 2008 were all between 350m and ~510m. Yes they all confirmed mineralization in the 200m range and all provided excellent results but I would like to see the drilling completed to increase the reserves from 125m to 200m and deeper where there has been such limited drilling.