Greg Gibson Presentation... Well...if it is not clear now...it will never be!
The Updated NI 43-101 Resource Estimate will be released in February 2012, followed quickly by a Preliminary Economic Assessment!
My conclusions...the excitement is going to build very soon and I have to revise my Resource Estimate.....7 million ounces!
They have left the South West Region of the Cote Lake Deposit and have moved their focus to the North, North West Corner and will move to the South, South East Corner to hit targets in never drilled regions in terms of exploration drilling...the infill process continues.
What is really exciting in my opinion is that they will hit the area to the North, North-West in close proximity to the once shared border that we had with Augen Gold...as mentioned before this is where I believe is the source of the Cote Lake Deposit. Past drilling in this area was terminated in mineralization at vertical depths of about 500 metres...the bulk of the mineralization lies in this region and I believe will continue to depth moving North. The mineralization does dip in this area and they must discover just how far and what grade.
Some may say that mineralization that is found at a verical depth of 500 metres and beyond is not economically viable...to that I say...may be think again! Detour Lake is going to mine to a vertical depth of 750 metres as per their Open Pit Design. In my opinion due to the distribution of the gold in the findings at Cote Lake and the fact that it is most consistent to the depths mentioned, the chances are very high that mining this deposit at further depths will be most economical.
Remember...if the source is at depth the push to surface was enough to create the Cote Lake Deposit and allow the Trelawney Team to drill it out...but...if the source is further at depth just how much of it made it to surface and just what remained behind? Could the grade to depth be higher than the findings to-date? Very...very good questions!
I believe they will drill significantly deeper this time and will not stop in mineralization but drill further and further to depth in the North, North West Corner....they have now secured the ground in the region that they require and have made the moves necessary to have ownership of all the valuable land necessary for them to move forward.
They can now reveal all the treasures below...and they must move quickly!
I am sure that they have or are in the process of putting down a deep...deep hole in that area of the Cote Lake Deposit. I cannot wait for the results!
Management has and are doing a most amazing job of building value as soon as possible!
Great game plan...great results!
Digger144
P.S. This is a winner!