RE: RE: Published Reserve Sorry to go on but this Sept 17/09 NR in regards to Roy Lloyd (Bingo) is so critical in understanding and determining the future of the mine. Remember Johnny was pointing out how Roy Lloyd seems to narrow at depth according to the mine plan. I argued it simply hadn't been drilled enough to say whether the glass is half empty or just hasn't been completely filled yet. You can't say what is there if you haven't drilled. The first link is a map of the Roy Lloyd strike and the actual drill holes from these quotes in link 2.
Note the Bingo structure is not narrowing but actually remaining the same or widening, as suspected, at depth. Look at the location of hole WD182 testing the southern edge of the high grade of the known minerization. Though the high grade zone from Johnny's 2009 mine plan (wonderful work Johnny) clearly plunges at a 45 degree angle to the north, GBN is drilling at a depth of 400m below surface 200m south of the inferred high grade resources in the mine plan. Then hole WD181, at 240m below surface, is another 100m farther north than the high grade resources in the mine plan yet above the known resources which also would certainly increase the mine width.
https://www.goldenbandresources.com/figure1Sep17.html
Frank Hrdy, Golden Band’s Vice President of Exploration, noted, “The current Bingo drill program is designed to incrementally enlarge the high-grade gold resource at depth and to confirm the continuity of the ore at depth. This first deep hole successfully intersected the high-grade gold mineralization right where we projected it to be. Encouraged by this, a second deep drillhole is now in progress to test at approximately the same depth and stepping out 30 metres north of the first deep drillhole. It is important to note that this deep drilling proves that the gold mineralization at Bingo is deep-rooted and is still open to depth and along strike at depth. These drillholes are some of the deepest ever completed in the La Ronge Gold Belt and support the Company’s view that the potential for more of this type of high-grade mineralization in the Belt is still untapped. Planning of a future underground drill program at Bingo is in progress.”
The two first drillholes in the current program (WD-181 and WD-182) tested the on-strike outer edges to the north and south of the known mineralization, at depths of 240 and 400 metres, respectively, below surface. The northern drillhole (WD-181) intersected 1.85 m of Bingo-style mineralization and graded 2.38 g/t Au over a down-hole length of 1.0 metre. The southern drillhole (WD-182) is now believed to have been stopped approximately 10 metres short of the Bingo structure and will be deepened later in this program. Figure 1 is a longitudinal section along the length of the Bingo deposit showing the currently known gold resources and the locations of the new drillholes that are testing the down-plunge extension of the high-grade zone.
The first step-out drillhole (WD-183) in this program to test the central part of the down-plunge mineralization intersected the Bingo structure approximately 340 m below surface in an area known to host lower grades, and which is consistent with the 8.64 g/t gold over 1.0 m that was intersected
https://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203173
Lastly, I would like to thank Johnny for his collaborative efforts in researching such critical decision making information.
https://www.youtube.com/watch?v=KfbAFgD2mLo
Why Johnny Ringo, looks like somebody just walked over your grave