RE: Left to Speculate The EP deposit is said to be the source of the 600m Riddle Till dispersion train. The Pay Streak is the head of the Riddle Till. There will not be a significant tonnage involved with the Pay Streak but the gold values will be phenomenal.
May 8/2007 https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007862
The 1983 sonic drilling indicated material in two sonic drillholes at the head of the Riddle till dispersion
train which at the time was valued at $1,800/m3. This subcropping zone of the EP mineralization was
termed the “pay streak” during the ODM drill program. Down-ice of the pay streak, both high grade and
marginal low grade dispersion trains were identified, up to several hundred metres in length. While the
dollar value of the core zone was pegged at about Cdn$15/m3 (about 0.5 g/t) it dropped to values of
$2-5/m3 in the marginal zone.
Prior to Golden Band undertaking any field work on the EP-Zone in 2003, all the historic reports were
reviewed. The fact that the head of the glacial dispersion train (“pay streak”) was significantly higher
grade than that of the primary EP mineralization itself was difficult to understand. Since the EP
dispersion train is among one of the strongest gold-in-till dispersion trains ever described in the
scientific literature, it was believed imperative for Golden Band to fully explain the ambiguity
surrounding the Riddle till, the “pay streak”, and the EP-Zone, and evaluate their gold contents in an
economic context.
This copy and paste may turn out to be a disaster - gov't website
The EP (or Eric Partridge) Zone was discovered in 1983 by drilling to find the source of gold-bearing tills which overlie and mask the zone. The tills contain gold in a concentration higher than any known glaciated area of Canada, and sampling of the tills returned a value of 8 oz./ton Au.
In 2003, Golden Band Resources completed 27 reverse circulation percussion drill holes were completed on the Rddle Till near, the EP Zone, where the mineralized till disappears into a topographic low under n up to 10 m (32.8 ft) thick layer of lacustrine clay as well as soil and till sampling (trenching on the Riddle) on the EP Zone and Riddle Till Dispersion Train (AF 64L04-NW-0191). This work located a very rich "Pay Streak" at the head of the Riddle train near the EP Zone which returned 50 to 100 g/t Au. This zone likely represents the subcrop trace of the EP Zone.
- consider in 1983 the gold price started the year at $500/oz but had dropped to $380/oz by year end. At today's gold price of $1700/oz Golden Band may very well be looking at $7200/m3. Using a specific gravity of 2.74 grams/cm3 as is described in the EP Tech Report means there is 2.74 tonnes/m3. My best guess is that the length of the Pay Streak is 50m, with a width of 30m, and depth of 1m giving 1500m3 of ore. 1500m3 X 2.74 = ~4100 tonnes of ore from the Pay Streak. Using the minimum value stated in the gov't archives for the Pay Streak of 50 g/t X 4100 tonnes = ~6800 oz gold.
These documents may prove to be B.S. as may be my speculations.
It will likely take the operators at the mill a practice run to adjust the settings to adapt the mill to the high copper content ore. Just as the gold left in circuit when the mill re-started in Feb/11. The result of that was the 922 oz Bad Boy and 700 oz Button held by Doug Keating in the Rod Orr 2011 Sask Investment Conference pic. The Riddle Till will supply an excellent source of high grade ore not all 600m of it but a majority of it. Multiply 600m X 30m X 1m X 2.74 X 10 g/t and divide by 30 to estimate the ounces of the Riddle Till - 16,000 oz!!