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LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB



TSX:LSG.DB - Post by User

Comment by goldhappyon Feb 25, 2015 11:14am
285 Views
Post# 23463077

RE:RE:RE:RE:During presentation Tony mentioned

RE:RE:RE:RE:During presentation Tony mentionedGeoffs...an orebody in simple terms is a defined zone that will make money. Some orebodies are small and require less holes drilled while other orebodies are large and require many more holes. The spacing and angle of the holes will be similar for both large and small orebodies. The tighter the spacing the more accurate the information. Some orebodies are so large it takes years to drill. Companies will keep expanding the OB (orebody) with wide spacing to define the outter limits with exploration drilling. As the need to develop the OB for mining, preliminary development drilling takes over with tighter spacing of the holes with more accurate detail which maximizes profit.
    What I see now at the 144 is very early drilling results. They are hitting gold all over the place. It has got management so excited they are driving an underground drift for closer detailed drilling. The drift is large enough to handle production loaders and trucks. That means they have great expectations for production. If it was a small tunnel driven with small machines it would cost a lot less and allow them to do exploration drilling. This larger tunnel is an indication a pretty nice orebody is taking shape. That's my take in simple terms and I do stand to be corrected. Be nice to here what other people have to say.
   One last point Geoffs...take a good look at some of the plans and section drawings LSG publish. It will show some of the drill hole spacing. For gold mines a lot of drilling is required to estimate the lences and stringers of gold bearing host rock. As this ore body grows so will the profit and interest of investors. This is going to play out in years not months. The intial excitement is going to start this year in my opinion.
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