RE: RE: RE: RE: NR "Now this management team thinks that this will add to Pine Points strategy of a reserve. Please.
Itll take years and years..."
Please see below excerpt from the Tamerlane acquisition:
From Monday 9th of January 2012:
Tamerlane Options Indian Mountain Lake Volcanogenic Massive Sulphide Belt
"BB Lake deposit and calculated a non-compliant NI 43-101 historical resource(i) of 924,000 tons at 10.3% Zn, 0.85% Pb and 3.45 opt Ag in 1952."
The Kennedy Lake and Kennedy Lake West zones were discovered and drilled during this period and non-compliant NI 43-101 historical resources(i) of 43,000 tons at 7.3% Zn, 1.1% Pb and 4.0 opt Ag for Kennedy Lake, and 612,000 tons of 1.12% Cu for Kennedy Lake West were calculated.
"The BB Lake deposit was optioned to EGO Resources in 1979 and extensive exploration work was conducted on the property including 10,600 meters of diamond drilling. As a result of this drilling, a new global non-compliant NI 43-101 historic resource(i) was calculated on the BB Lake Property of approximately 3 million tons at 10% combined zinc and lead, 4 opt silver and 0.02 opt gold."
From Jan 16th 2012:
Tamerlane Acquires Additional Properties in the Indian Mountain Lake Area
"In 1967, historical resources(i) were calculated at 142,500 tons grading 0.95% Cu from 9 diamond drill holes that were drilled by Indian Mountain Metal Mines."
During work in the 1990's, samples were taken from historic trenches and returned values as high as 5.69% Cu and 740 ppb Au over 1 meter and grab samples contained up to 11%Cu, over 1600 ppb gold and 5 opt silver. A 2006 exploration program provided samples which contained up to 4.2 g/t Au, 60 g/t Ag and 0.29% Cu and 1.33 g/t Au and 160 g/t Ag plus 7.6% Cu.
Now, what does that tell you. It tell you that already a lot of work has been done. Extensive diamond drilling and all has been measured. Ièm sure they have the maps and the location where they drilles. All they need to do is to prove those historical measurement. Even some work has been done in 1990 and 2006 using modern methods. So all what they need to do is to prove those with modern NI 43-101 without doing random exploration. Meaning they donèt have to guess their work has been cut out for them.
Donèt you think so?