RE:LAC HUGO=SEXY BEAST?Given their track record, I am inclined to put the presentation down to confidence (and full disclosure) rather than hype, especially as I haven't seen very much hype from Darin et al to date. If it was hype they wanted, they could work up a lot more with the current Martiniere and Grassert info. I am willing to put my viewpoint down to hope though.
There is some small evidence based on previous work in the general area, including a grab (chip?) sample of 5.5 g/t gold (although 4 boreholes did not find any), a drill intercept of 209 g/t Ag over 0.3 m, and
several sulphide horizons with minor associated base metals. I believe that is enough to give a glimpse of the accuracy of the IP data and processing.
https://www.balmoralresources.com/s/QwikReport.asp?IsPopup=Y&printVersion=now&XB0K=505750,505753,619218,505846,505859
btw, it appears that Project Hugo is based around Lac Hugolin, not Lac Hugo.
astrorbit wrote:
Over promising? or "hype" or "hope"
Just based on IP and soil sample.
15million-40million ounces targetted. (According to the presentation)
Couldn't they have drilled it and proved the thesis before making a presentation about it?