New Zone? Where? Where do I begin? I will begin with the drawing, which I believe to be accurate, of the current EP mine. I do love these maps!!
Nice to see the Riddle Till!! Maybe it is paved with gold ..... only the drill results can say!!
Here is the map (which shows the wrong location for the Komis Mine) showing the actual EP open pit.
https://www.goldenbandresources.com/images/Komis-RC-results-figure-1-lrg.jpg
The actual Komis Mine entrance and workings is more accurately depicted in the last Komis map:
https://www.goldenbandresources.com/images/Figure-1-22-feb-12.pdf
Now the thing with the EP open pit shown in the map is that it is less than half the size of the Figure 23-3 EP open pit design from pg 107 of the 2009 PFS:
https://www.goldenbandresources.com/images/file/Report-160-GBN%20PreFeas%20Master-06032009_Final.pdf
The original design reached south of the 6229900mN mark. The actual pit, which I believe to be accurate, ends 50m to the north at 6229950mN. But dividing the original plan into 2 sections it actually appears they are right on plan as the planned pit and the actual pit correspond with the 6230000mN and 568400mE point.
IMO, this indicates there will be further development to the south as originally planned. The questions remains is will there be a greater development than the 2009 plan?
How does the Riddle Till relate to all this? On Sedar go to May 8, 2007. Pg 14 Figure 7-1 on the EP Technical Report shows a lovely map of the Komis/EP geology including the Riddle Till. EP Tech Report, you say? There's no EP Tech Report on the GBN website ........... Sedar, I said.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007862
The gold from EP was carried by a glacier south, down what is termed the Riddle Till, traceable from the source at approx 6230000mN to 6229100mN for a width of 0 to 250m widening at it's base. The eastern egde of the Riddle Till, heading south, follows the 568500mE mark and the western edge widens from about the 568300mE to 568200mE. Remember the grades of the outer edge of the Till and southern tip are barely traceable at 0.5 g/t and less.
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
Does anyone remember my story about how when GBN reported the Riddle Till was "paved with gold" that they had actually stumbled across the exact location where the gold had been washing up and down the hill creating a nice little pocket of super gold where they accidentally began digging? They are now determining how to proceed. And the results are decent but you can see the blank spots on holes 44 and 45 where they found nothing, because of the washing and yelled stop!! They then decided to drill to determine how to proceed. I am congratulating them on the decision and the results.
As far as the results go, they are consistent with historical drilling:
1960 V-14 568522.85mE 6230054.29mN
43.7m to 44.6m 0.9m length 2.23 g/t
44.7m to 45.1m 0.4m length 1.89 g/t
46.1m to 47.2m 1.1m length 2.74 g/t
1981 KE81-4 568454.06mE 6229933.17mN
KE81-4 63.00m to 65.00m 2.00m length 0.355 g/t
KE81-4 65.00m to 67.00m 2.00m 16.432 g/t
KE81-4 67.00m to 69.00m 2.00m 1.025 g/t
KE-81-04 65.5m to 66.5m 1m 29.45 g/t
1981 KE81-5 568404.19mE 6229933.71mN
8m to 9m 1m 1.15 g/t
47m to 48m 1m 1.17 g/t
82m to 83m 1m 1.85 g/t
1983 EP-24 568453.87mE 6229909.21mN
EP-24 50.3m to 50.8m 0.5m 3.36 g/t
2003 EP 37 568412mE 6229917mN
EP 37 69.3m to 70.1m 3.09 g/t
Anyways, there are no surprises here for me. Sometime later I will relate the results to Komis. The current program is not my favorite. I would have preferred greater depths on these holes and I also would have preferred infilling the holes from the Feb 22 NR ..... as they were from a NEW GOLD ZONE extending in a northern circle around the historically known zone which is very apparent by the blank area shown on both of the latest Komis maps.
If you are interested in the location of the 64 historical drill cores:
Ahhhh crud!! Now I have started on Komis. Here's the short version - they have a 475m strike length of 3-8 g/t as it's primary grades and a thickness of 10 to 90m - let's call it 4 g/t over 20m for 475m strike.