Waiting for results as we look over our shoulder
With Canamex now drilling in the new Paymaster Zone to further the detail of that resource, it is good to review some of the information that caused the new drilling program. If you don't think it is significant, read some of the results of other companies in the area and see how they pale in comparison to what Canamex had last year. I was checking out some of the photos of the current drilling program on the Canamex web site and am already encouraged with what I can see. Review - Canamex finds new zone on Paymaster and results are between 8 - 16 grams per ton. RC Drilling at the Paymaster Target Area Reverse circulation ("RC") drilling at the Paymaster target area has intersected good grade gold mineralization in numerous drill holes. Drill hole B-1457 intersected 16.7 metres (55 feet) grading 9.94 g/tonne (0.290 opt) Au from 41.2-57.9 metres (135-190 feet). Drill hole B-1460 intersected 7.6 metres (25 feet) grading 9.98 g/tonne (0.291 opt) Au from 53.4-61 metres (175-200 feet).Drill hole B-1458 intersected 13.1 metres (43 feet) grading 5.13 g/tonne (0.15 opt) Au from 42.7-55.8 metres (140-183 feet). Other holes hit significant but lower grade intercepts as noted in the table below. The gold bearing zone at the Paymaster target appears to be relatively flat-lying and occurs at the base of the felsic tuffaceous section, immediately overlying unmineralized andesite. This is a geologic environment that has rarely been tested before on the property, being too deep in the historic resource area or at the Penelas East new discovery area to be reached by the drilling completed to date. True widths of the reported intercepts appear to be roughly 70% of the reported drill widths. Can't wait for results of this current drilling program.