Post by
digger144 on Jan 05, 2011 8:26pm
Core Intact...
Today's news was a surprise to me in terms of where the major hit was made!
I did not think that they would move West along strike this early...I was expecting good news moving North from Sections 94+00E..93+00E & 92+00E...but...WOW...I will take this most exciting news!
We now know for a fact that along strike the Core is intact for a distance of about 700 metres!
In an entirely new Section...89+00E, they hit in E10-40...334.40 metres @ 1.02 g/t!
This was a very bold move in my opinion and was totally unexpected. Management has the utmost confidence in this find...their actions are speaking loudly to us! This thing is huge!
That hit in Section 89+00E was over 1,000 feet which has demonstrated very clearly that the Core of this Deposit, which is most likely a Porphyry Type Mineralization has maintained its characteristics and findings over a large strike area. Fantastic!
Factual information....700 meter strike length...but...what is the width of the strike area moving North and South.....this will be answered in time. In Section 93+00E we do know that it is 400 metres in width from near surface.
It appears that at the moment the Eastern Boundary of this Deposit is at Section 96+00E....the exciting thing is that we do not know what the Western Boundary is...they are presently at Section 89+00E as noted today with the Deposit open to the West....bring on Section 88+00E!
Porphyry Type Mineralization...The gold is being found "peppered" over a very large area and is very consistent in nature in terms of mineralization...but...what type of forces caused this. The flow was along the strike area but what was its source? Did it come from a source at depth or along strike? Have they found the focal point of this Deposit...that being Sections 93+00E & Sections 94+00E?
One thing that is for sure is the complexity of the Core thus far! It has undergone changes very quickly moving from Sections 93+00E and 94+00E...it takes a lot of thought and study to attempt to figure things out! We may very well have the same characteristics near surface in the two above mentioned Sections taking place at further depths in other Sections moving West...very exciting! One thing that is for sure...Mining the Core will be most economical!
I also am leaning towards another theory...I cannot believe that they will only find mineralization in the Core Region...a series of natural occurrences took place many, many years ago and I am pretty sure that they will discover many spewed mineralized pockets just outside or in close proximity to the Core! A lot more high-grade intrusions to locate!
This is just getting better and better...Fantastic!
Digger144
P.S. Happy New Year to All! All the Best in 2011!