Decent day with huge volume, no stopping now bulls are running here. Keep in mind this drill program that was conducted and the results are long before OSK got involved, testing zones and structures is the name of the game.
This is typical of these type of deposits. The web cast in Zurich, as was expressed was this, an unheard of type deposit in Canada and more like ones they chase in Latin America. Now that Mathieu has help and a huge team behind him, they will be drilling in areas that OSK are going to want to have influence over. Remember, "JOY".
So lets break it down,
"Beaufield's winter drill program focused on the Rouleau gold zone which is located seven kilometres southeast of Osisko Mining's Windfall gold deposit. The 12-hole drill program totalling 2,331 metres had the objective of testing mineralization along strike and at depth of the Rouleau gold zone, and also targeted untested geophysical anomalies located just beyond the known mineralized corridor."
Ok the key part of this is as follows:
”untested geophysical anomalies located just beyond the known mineralized corridor.”
“drill program was designed to determine gold mineralization continuity in areas with no record of prior drilling and along strike of the Rouleau gold zone.”
I like this paragraph, why? Now you get a sense of what OSK being in charge looks like:
"Work on the Beaufield ground adjacent to Osisko's newly discovered Lynx zone (63.8 g/t Au over 4.4 metres announced on April 5, 2017) located less than two kilometres from the common boundary is set to begin over the next few weeks and will include drilling. This is a high-priority target area due to the presence of a suspected fold hosting the mineralization that seems to double back onto Beaufield's property. Osisko also announced that it will continue step-back drilling toward Beaufield’s property.”
OSK, is moving their rigs to this location…..;-)
As I mentioned earlier, what they are chasing here is a deposit, known and unknown mineralization, it's early in the game. More drills will be turning shortly and some now. Someone asked me where we are at relative to a 7 furlong race, here is where I think we are at, “ groomers are still in the stable with the horse”!!!
BEAUFIELD RESOURCES INC closed unchanged Monday sitting at $0.30. Over the last five days, shares have gained 36.36% and 328.57% year to date. Shares have outperformed the S&P TSX by 282.58% during the last year.
RSI still very positive and CMF is running neutral, not as bullish as Fridays close, we needed a .31 close today, so AGM is tomorrow, and half the team, is still on the road.
Eleven ( 11M ) shares crossed the tap today, be patient, this was a huge fund day and it should continue as long as Jason and company are on the road. All of their meetings are with institutional fund managers. ;-))) & ;-) (happy face and wink )
Keep your stick on the ice, and for fun, look at OSK chart a year ago…
J103