RE:GBR: 3 Drills on LP FaultQuite impressive for sure. Like others have said, we really don't know the scale of this deposit that GBR is outlining. It's just a matter of how immense it will be, and it will be immense. We're clearly in for an exciting few weeks of anticipation and speculation.
What makes our situation here even more exciting is that I agree with dacre. It's difficult examining features from such large scale maps, but it sure looks like RGLD's Whirlwind Jack property is the only one which the LP Fault (and volcanic units) trends onto.
As it trends to the south, it seems to run inside the southern border of Dixie, along the northern border of BTU's property before possibly heading off in the south east. It looks like it trends into the open square of land that is not BTU's. But this doesn't even matter because the rocks southeast of Dixie are intrusive rocks...think granite...and they simply do not host gold. Again, this is simply looking at the maps on the GBR and BTU sites particularly.
This also isn't to say that the other area plays do not have potential. They do. Each have historic samples that have provided anomalous values in the past. I'm simply commenting on the LP fault. And should it prove to host gold along its entire length (as it has over 2.5 km) and onto our property, well, things will get very interesting for us.
Have a good start to the week...and if you're a RGLD holder, how could you not?
dacre wrote: I find it quite interesting and positve for RGLD that GBR has assigned all 3 drills to the LP Fault. The fact that they would pull drills off the other 5 or 6 zones...whatever they're up to...including the rich Dixie Hinge Zone that started all the excitement speaks volumes. It's clear they believe in the potential of the LP Fault.
According to a recent interview with Chris Taylor of GBR, they have drilled off 2.5 kms (maybe 3.5 kms, hard to hear him) of the 18 km fault, and have intersected gold in every hole. In the interview below, he discusses the zone's potential and draws some comparisons to Hemlo.
As we know, there's one other property in which it looks like the LP fault runs onto...and that's RGLD's Whirlwind Jack property.
Have a listen....from about 4 min to 6 min or so.
https://www.youtube.com/watch?v=XiO1ZRc7-us