Any correlation here? Or just coincidence?
My focus concerns the single drill hole that Barrick made. From
what I can tell this was in the SouthWest Zone across from the
Discovery Zone Volcanics.
Is this the same geology spanning the distance? Notice the one
from Barrick was at 1000 meters and the one from Feb this year
was at 135 meters.
Read below.
I pulled this exerpt in quotes from Investors Hub post 100 of 254 by NYBob on 10/27/10.
"In 1997 Barrick Gold returned the property to Moneta having
developed a non NI 43-101 historical inferred resource estimate
of 624,500 ounces gold based on 3.25 million tonnes averaging
almost 6 grams/tonne with a cut-off of 3.0 grams/tonne"
"The Barrick interpretation outlined several stacked and variably
orientated vein zones that focused on the higher grade
component of the mineralization.
Included in the drill program wasa single drill holethat
intersected a wide gold mineralized alteration zone in contact
with iron formation returning a drilled width of2.14 g/t gold
over 68.0 metres including 6.0 g/t over 8.5 metres,
at a depth of ~1,000 metres below surface
illustrating the potential and widespread nature of
the gold mineralizing system. "
Compare this to the Feb. 28, 2014 release this year
According to the
news release, drill hole MGH12-077 intersected consistent gold grades over a large, shallow mineral interval including
2.02 g/t gold over114.5m at 135m depth, 2.30 g/t gold over 91.4m at 130.5m depth, 3.90 g/t gold over 24.0m at 153.0m depth,
5.50 g/t gold over9.0m at 153.0m depth, 2.80 g/t gold over 17.6m at 204.3m depth and 2.10 g/t gold over 12.0m at 233.0m depth