GREY:RNKLF - Post by User
Comment by
Styles76on Sep 23, 2018 9:58am
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Post# 28672595
RE:Important question....anyone?
RE:Important question....anyone?Simple - there have been finds since 2016 - but the results they were getting was at about 1.8G/tonne . That is a bit more labourous to get production out of, and requires a large amount of capital to work for a break-even. This was primarily because they were getting redeposited gold coming from erosion of the seams themselves. They found the seams that appear to have sourced the gold in this area in the claim, which is huge - and also why it's called the Mother-Lode (the mother of the deposits).
The lenght of the veins alone indicate that these are not redeposits, but these are pretty narrow in the geological sense of things (try hitting a telephone pole with a bow and arrow from +500m away, without knowing exactly where the pole is - that is what drilling is - once you find the pole, things become easier)
dodiligence99 wrote: In 2016 our company drilled a series of spectacular holes....what happned next? Was this area exploited? The stock did a moonshot in May on those April drill results and then slid for 2 years to the edge of bankruptcy..why? What does this imply? Are these "pods" going to be found one every 2 years? Were those 2016 results the first clue to the puzzle and now the geology is clear and this second strike the result of 2 years of study? How do those 2016 drill cores fit into the scheme of things and why didn't that find lead to more finds between then and now? Anyone?