Post by
threepalms on Jan 08, 2014 8:49am
25 million oz deposit?
BYV is likely the best Rainy River play there is right now. WHY? To explain that let me first say this... In the 3.5 years that I have followed the Rainy River Gold District story I have seen many things develop. I have spent countless hours reading Geology and work summaries by most of the players that have worked this district. Nuinsco for one and Great Western Troy for another. When I review these reports the first sections that I turn to are the Conclusion and recommendations for future work sections of these reports. Doing this gives you a handle on what the geologist in question saw, what work he performed and what future work he is recommending. I find this to be helpful for an ordinary Joe like me who has a very limited understanding of geology. In these last 3.5 years I have identified what areas in the district have seen exploration, as well as what areas have evidence of both at surface high grade gold and at depth lower grade VMS type of deposits. What sets out Bayfield from the rest is that BYV has drilled the heck out of it's property and has proven there is gold there and maybe enough gold to justify a much larger share value. I have also seen a few proximity play companies step in during that time frame and I have seen 2 of these companies already come and go. I have watched one, KBG do a great deal of exploration on it's property and wisely expand it's property over that time. I have watched one property change ownership once already and that same one is about to be taken over by a bigger player within 2 weeks. The Cameron Lake property has dozens and dozens of known gold occurences at surface. In the heart of that project their is a group of claims that were previously owned by KBG that were sold to Coventry Resources and soon to be sold to Chalice Gold. That group of claims has 18 known gold occurences either directly on or on the border of it's claims. (BTW KBG still owns a 20% stake in that property and that will become a tangible asset at some point in the future for KBG in my view). So back to Bayfield... BYV is as good as it gets. Proven gold in the heart of the next Canadian Gold Mine. What more can you ask for in an investment. a no brainer in my view. The above is just my opinion of why Rainy River district could potentially become a 25 million oz plus gold district. Everyone must conduct their own DD and this is just my opinion of Rainy River.