RE: RE: PREMIER RED LAKE PROPERTY UPDATE Multiple gold-bearing horizons, in addition to those previously announced, have been intersected in the tram. Eight closely-spaced holes have been drilled to test one of these structures hosting visible gold (assays pending).
Testing this target (it must be an obvious visual structure) with 8 tightly spaced holes suggests they're onto a significant discovery here. One or two holes would be expected....but eight 'closely-spaced'? VG is never a reliable indicator but if there's enough flecks in the core, over a significant length......we could be looking at some very high grade ore.
Most junior co's that are chasing narrow high grade vein structures will often count the 'flecks' of Au present in the core and report that number over the encountered length. Goldcorp.....no such luck. Turn-around time at the labs in Ontario should'nt be too long - hopefully we'll see these results before X-Mass, but Goldcorp can keep a lid on them well into the New Year.