Red Lake Gold Inc C.RGLD

RGLD-Wedged Between Bonanza Gold Properties

[SuneeDaze]

Most of our discussion on the board has related to GBR, and how our property is on strike with their zones (e.g. Bear Rimini) and the LP Fault, and deservedly so.

What we tend to forget is that to the north, we are bordered by PAC that has returned recent grab samples up to 126.5 g/t gold and historic samples grading as high as 133 g/t gold.  Also to our north-northwest is the historic Starrat-Olsen Mine and Pure Gold's Madsen Mine which has a resource of 2 million ozs +.  

Again, if it hasn't been said before, RGLD's Whirlwind Jack property is right in the middle of elephant country, wedged between prolific GBR's Dixie property and PAC...and on trend as well between Dixie and Pure Gold's Madsen Mine, making it the only property as such.

[dacre]

This is a really good point especially if comparing those area plays.   When you you think that RGLD is on trend with the LP fault and BR zone to the southeast and to the north there's PAC and Madsen.  With gold bearing zones and properties on either side of RGLD's Whirlwind Jack property you got to like our chances of discovery. Liking this more and more...

[TruthBKnown]

Anyone know how much or what type of historic work has been done in the past.  I saw an old grab sample assay posted here...any drilling that anyone knows of?  Old pits, trenches or workings of any kind?

[SuneeDaze]

I don't think there's another company that has a property more strategically situated than RGLD's Whirlwind Jack property.  Obviously we're not going to know for certain after a prolonged, systematic exploration program.  But given it's location, you sure got to like our chances of success. 

[goindeeper]

Hopefully it doesn't take too much exploration to get this stock to really soar.  There is only 2m of overburden at GBRs Bear-Rimini and gold is supposedly present at bedrock surface.  The mutual boundary is 10km away, so the overburden may be thicker (or shallower), but RGLD may be able to get away with a quick trenching and channel sampling program across the LP fault just inside

[SuneeDaze]

Exactly goindeeper. I get frustrated with the whole "drill, drill, drill" mentality.  Drill, based on what?  As I stated before, and you said, there needs to be a systemic approach to exploration to work towards developing drill targets.  Nothing burns through cash like drilling (and helicopter use)...or both combined. It's obvious that Ryan is not a fan of dilution.