RE:Drill Results
EastCoast575757 wrote: I must say that the drill results that is hitting the vein are excellent. One big problem I find hard to understand. I have worked on drill results for many years for several different companies and when they drilled they had to release the results of every hole, even the ones that had to stop because of drilling problems. Why is it that there are six drill rigs turning and they say they are going to eight but we have only 3 or 4 holes with excellent results and nothing else?
I have heard of certain prospectors high grading samples, but I have never heard of high grading drill results. This may not be what is happening, but I would like to see all results be it good or bad. Maybe I'm wrong but where are the other drill results?
Just a thought !!!
Have a read through all the past news releases or go to their website to see all the drill holes. They have hit on most holes but there are some that didn't turn up much. There was also a back up in receiving assay results from the lab so results are lagging. They are now using a different assay lab to speed things up significantly. The geology of these types of deposits are rare and you should have a listen to Dr. Quinton Hennigh who does a really good job of explaining the nature of these extremely high grade gold veins. The nearest thing to the Keats Zone at the Queensway property is the Swan Zone at the Fosterville mine in Australia. You can get several million ounces of gold in a relatively small volume of rock due to the very high grade gold. Due to this they have to drill at very close spacing of only 10 meters instead of the traditional 25 or 50 meter spacing. I hope this helps and look forward to your comments and observations of this unique geological structure. Sokoman Minerals are having to go back and re-drill some past targets at their Moosehead property now that they understand the nature of these high grade veins and the different orientations they follow. It takes a whole lot of drilling. That is why SIC has just announced a significant increase in their drill program. LAB will have to do the same I suspect but it looks like they have Quinton Hennigh guiding them on the spacing of the drill holes on their Kingsway property. Exciting properties and you are now seeing increasing volumes in all three of these stocks NFG, SIC and LAB as exploration efforts ramp up and they zero in on the high quality targets.