RE:RE:RE:RE:Will we have a Pit #3?Osisko drilled 5 holes out by Dolliver Mountain. Each hole was I believe 200m long and 200 m apart and each hole was targeting the anticline that had the main Dolliver Mountain shaft sunk on it...as per the picture I posted last night.
Osiko did the hole spotting and when in the field, based their holes not on the main shaft where the anticline is but a ventilation shaft that was north of the main anticline (Big mistake). So when they drilled the 5 holes, they came up empty as they drilled the holes too far north of the anticline. A lot of wasted meterage.
I saw one of the Dolliver Mountain Osisko holes all greywacke, no quartz and structural indications in the core that said keep drilling to get to the anticline. They collared the holes way too far north of the anticline!!
Osisko decided not to drill more in this local.
The Osisko folks were pretty clear, we are looking for a big pit...1+gr/t over 100m wide. The 1005g/t intersections over 0.5m was interesting but simply did not match what they were looking for...they never chased this high-grade intersection.
By the way the 1005g/t intersection is in the West Goldbrook pit area over a km away from Dolliver Mountain.
The current drilling that Signal is doing is in a very wet swampy area as Winedoc has noted...must have been hard to get permits to drill here as I am sure Osisko probably encountered as well...plus Osisko had to get landowners permission to drill this location and that is time consuming (Signal now owns some of this land area).
Osisko did not see the grades and widths they were looking for they walked and gave Orex a pile of drill data and 100% of the property back