RE:RE:RE:Is this the most overhyped exploration play on the TSX?Please allow me to correct your geology a little:
"When continental plates collide mother nature pushes rocks up in a random fashion with enormous force". These rocks are usually grey, marine sedimentary rocks such as those found in central Newfoundland, the Himalayas, the Rockies and elsewhere. Such collisions create very deep, extensive fractures which allow groundwater to perculate deep down and become superheated water (liquid water >100 C).
Superheated water is extremely corrosive, especially if it contains F and Cl. It dissolves quartz, carbonate, gold, silver and base metals. It turns feldspars into clay and many other minerals into mush.
As the mineral laden superheated water moves away from the heat source it cools and begins to precipitate out the dissolved minerals. Quartz and carbonate are usually the last minerals to precipitate. Gold and Silver can precipitate at any temperature depending on other factors such as pH, eH, solution chemistry, wallrock chemistry and fluid mixing.
At Keates the gold precipitated at a moderately low temperature along with low temperature minerals like Stibnite and Boulangerite. It all got frozen along with gas bubbles (the vugs) in massive white quartz-carbonate.
Did one fluid/mineralizing event mineralize 20 kms of fault at the same time in the same way? Are all of the deposits the surface expressions of one giant system extending to depth?
My advice is to stay away from small scale ore calculations and focus on the big picture. Are we talking millions, tens of million of hundreds of million of ounces along 20 kms? Are we talking one mine or a brand new mining district?