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Bio - thanks for the backup...
It never ceases to amazing me how people can be brainwashed... I guess if you say it enough people will believe it.
Mr. Hobbes..
If you actually read through the email chain you would understand my statement. But let me enlighten you...
I was referring to the fact that I never said anything about VG. And when I did, I was referring to the image on the poster. Basically, the size of image and resolution makes it impossible to determine whether there is gold in that sample.
This is what separates you and me... I am not a sheep. Just because someone tells me something doesn't necessarily mean I am going to believe it. SO please step back in line to your FB post...
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
Your memory is good wrt which hole had the best assay results, which was hole #12, but the mineralization in that core sample is certainly not gold, probably gold in it, just disseminated through the matrix... and I am confident based just on the assay results.
The panned sample is something completely different. However, this is from the alluvium and not necessarily from bedrock on the HC property. This is why you need to get drill results to back up anything you get form the surface. Rock samples could be "float", which means not in place.
Courtesy of your friendly neighbourhood cartoon character...
IMO.... not VG... take it or leave it. Also seems strange they would not PR that and with that much "VG" the assay results would have been a LOT high. Three strikes.... And how do you know it is from hole #12???
They have VG related hand samples indicated from their Cabot property. The images from HC do not have any VG; sulfides.. yes.. but VG is not visible/discernible in their images and they do not indicate it in their write up...
Grahamber... where was the PR and/or photos of VG from the HC drilling? I agree that gold was detected in all 12 holes, but I do not remember any VG? I think the assay results would have been a LOT higher if there was VG too.
Balihi,
Check my post here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59515239
And other responses... Personally I find it hard to believe...
Agree with you 100%.
I do not need someone to hold my hand, but I do like to have some direction every now and then....
There are tree shakers and then there are LOGGERS...
People need to decide for themselves what is the cause of the PPS drop...
And of course there are people with an axe to grind (sorry I could not resist).
Scary - check
Breaking point - I am bruised and battered, but I am stubborn too! (not a good trait for trading, but I did turn a 70% 'lost' to a 100% gain but sticking to my guns).
And these are all still rumors... I find it hard to believe such information would freely flow from professional firms to random people calling/emailing them. Not a good way to run a business!
See my response to Stokes1...
I try and stay within my area of understanding... rocks only hurt if thrown at you by a person (or if you sit on a talus slope during a rain storm.....)... unless you fall down on an AA flow in Hawai'i... one word - OUCH!
They call it "AA" for a reason!
You are asking a rock guy a question about IR and law firms...
I question your sanity!! ;^)
All I know is... if the rocks start taking back to you.. get out of the field!
In all seriousness... the lack of news is driving all these questions and bring people out of the woodwork looking for attention. All of us are tired of waiting for a PR on RR, etc and a day like today makes it even more difficult.
Some people have bailed... and I respect their decision. Everyone has a breaking point.
You beat me to it by 29 seconds... damn it! ;^)
BO47...
The problem is that you fight a current going back up. If you are down 50% you need 100% to get even. And you will fight the flippers during that time frame...
In the meantime, if you had sold with the 20% lost you could have invested somewhere else and not have to wait a VERY long time JSUT to get even. Of course hindsight is 20/20.... it makes everyone billionaires!
Gump... ask yourself this... if you were just hired would you offer all this information over the phone to someone you do not know...
It is the same as someone calling a lab and them telling you anything about a clients samples.
Hey Balihi....
Let me know what you think after your DD. I own a small position here (bought in the 0.40s). Based on its land position, potential, information, and some people that I know are involved I decided it was a good future play.
Homevendor... speaking as a cartoon poster...
The surface sample needs to be replicated/duplicated in some fashion. Either by additional grab samples and most certainly by drilling results. I think your "family member... real gold explorer" would agree on this. So the 158 g/t represents an anomalous result. As a cartoon character, I worked on similar projects that had anomalous hits that, try as hard as we could... we did not replicate. And the project died. What HC has, that we did not have, was high enough concentrations from a drilling program to justify a second phase.
And we are presently looking for at least enough mineralization to move RR along too.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
Abe... your suggestion of the new IR firm looking at investor comments is sound, but at the same time trying to sort through the mess here and the other (cult) site is something that would be time consuming.
IMO, there has just been too much static owing to the lack of information and general investor moaning to be use. And I am sure that many here have already contacted the new form to voice their concern.
No - I think they just need to not repeat previous PR mistakes and get the necessary information out that we, as investors, need to make an informed decision (buy/sell). I would hope that Ken and his team have already given the new IR company a good flavour on what needs to be accomplished in future PRs.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
My original point was that it was not an Fe-ore deposit.... The spin control doesn't help as nothing else was reported from hole #1.
You seem to be desperate for Fe-ore...
Here is a place on the island... well an island off shore of the island at least...
www.gov.nl.ca/mines&en/cfp/bellisland.pdf
No mention of this being an Fe ore deposit. No resource numbers for Fe.... seems that the only thing making this a "producer" of Fe is all the other mineralization?!
So what is your point?
That would be real alchemy, turning Al into Sn!
Sorry I could not resist.... ;^)
Chargeit - sorry about the late reply... it has been a long day!
From the soil surveys and chips samples, along with their model and geophysical targets they were hoping to intersect base metals (Cu, Pb, Zn...), along precious metals (AU, Ag).. and even U and REEs. It was a crap shoot. The initial target (Hole #1) seems to have low grade mineralization and/or missed anything of significance. From the public information available it does not seem that this hole has enough to justify further drilling. Many people go back to the initial IOCG (or OD) type deposit were they did not hit the mineralization during the initial drilling phase. Unfortunately, I do not think that KATX has the resources to continue to poke holes in the ground. However, hole #2 still has potential for REEs and maybe even Au or Ag. These results should be back and/or released in the very near future. So that is where we stand at present wrt RR.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
You realize that you probably need > 60% Fe to make it profitable and a strongly hematite altered conglomerate is not going to do it. No mention of Fe assays, photo-documentation, etc. So I have strong doubts on whether there are economical concentrations of Fe to be considered "iron ore".
Don't meant to be som negative, but we already discussed this in the past. Pending assay results from Hole #2 are what we are hedging our bets on wrt RR. However, I hope that I am wrong and they have an ace up their sleeve on Hole #1.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
The point is that you still need to complete step one! N'est pas?
Doh... did I say hole #1 again.... I meant hole #2.
Based on what I have read and own experience you can probably rule out Cu in hole #2. This is due to the fact that native Cu and Cu-sulphides are easily identifable. Their PR focused hole #2 for REEs. Au is a little harder; did they already run fire assays for Au on hole #2??? We don't know... they did not mention VG, so it is possible that there is some measureable gold; however, you would think they would have mentioned that in the last PR.
From their PR: Hole RR10-02 intersected variably altered and mineralized peralkaline felsic volcanic rocks throughout the upper 245 meters of the 344 meter long hole.
And they stated they had results from the upper 37.5 m. So that means that 207.5 m of altered and mineralized peralkaline volcanic rocks have yet to be analyzed. The upper 37.5 had elevated REEs, or above background; i.e., current results are not economical. The remaining 200+m have the "potential" to have elevated concentrations and maybe even some sections that are of economic grade. You need the right rock types, etc and that is something we have... now we just need enriched REEs.
I hope this clears things up.
Also, a 245 m thick volcanic sequence is significant. If they can prove that these volcanics are playing host to REE mineralization, then it could open the door to an additional drilling program. This, combined with information from Cache's adjacent propoerty, could help direct any future program. Both companies could use their respective drilling programs to map the volcanic sequence on their properties.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
I am not faulting your opinion. And many times someone's opinion is based on something.
I have said that the rocks, tectonic setting, noted mineralization, and elevated REEs are already recognized/identified. THis suggests that more mineralization is possible in the pending results.
It certainity does not guarantee it!
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
You realize that they did not report any Cu or Au from either hole #1 or #2 and only "sub-economic" from hole #1. So my question to you is: What makes you so sure that the deeper they go there will be more Au and Cu?
And why do you expect to see higher concentrations at depth for anything?
I am just interested in your reasoning.
My opinion is that ANYONE stating the results will be poor or great are just arm waving. There is no public information available that suggests either way. We know that that sampled a mineralized section in hole #1 with elevated REEs that extends to over 200m. This does not ensure good or bad results.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
I agree with Bio here. Results should not take longer than a month. I worked on a project in the Arctic and we sent samples north via a twin otter through numerous airports, etc and still got the results back in two weeks.
Bio has his opinion based on experience. Just because it doesn't conform to yours is no reason to have your attitude and start in by accusing him of selling shares, etc. Such antics are so transparent.
It might be that case that KATX already has the results and are being EXTRA cautious on the wording of their next PR. We all know the results of the last PR.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
You are entitled to your opinion...
Elcheepo,
Any rush would probably result in at least a 100% surcharge (i.e., double the price). So obviously you want that information.
And apparently they asked for a rush on the remainder of the assayed cores from hole#2... so they are interested in most, if not the entire mineralized section of hole #2.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
From this quote from the PR, they are basically interpreting the geophysical targets.
Strongly hematite altered conglomerate is probably the cause of the gravity anomaly.
A thick, magnetic mafic dyke is probably the cause of the magnetic anomaly.
There is really anything else to be said about it. These were the targets and they hit the targets and at the depths that corresponded to them they found altered conglomerate and a magnetic mafic dyke.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
B402,
If we are looking at an economic REE mine, then we would need some good inetersections.
The other post is a copy/paste of characteristics related the OD-type deposit. Geologists look for similarities, but it is not necessary have all of the same indicators. In fact, it is possible to have other indicators that were not noted in this article. It is possible to have many indicators and still not be economical to mine. The Earth is very dynamic and models are meant to be challenged and refined. Geologist being by finding the proper tectonic environment, surface work, indirect (geophysical) work, etc and then to drilling. Initially drilling is either barren and you cut your loses, OR you get some mineralization to continue, OR you find an ore body (rare on the first few holes). I work with someone that actually did hit the ore body on the first hole on two separate drilling campaigns.
We still need to wait on the pending results from hole #2. I am hopefully since they logged mineralization over a thick interval.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
Going..... going.... gone.....
Those are good ballparks numbers to look for when they release the remaining assay results.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
Last one??? ;^)
I specialize in GDG.... and the exotic variety is where the money is!
B402,
From my looking at various REE-related stocks it is customary to report them as total rare earth oxides (TREO) and then break out the heavy reare earth oxides (HREO).
KATX sampeld a 10 m interval for which we have current results and wihtin that interval they had 7.5 m that had elevated REEs as well as other incompatible elements. For example, Ru, Zr, and Nb, while not REEs are incompatible and commonly associated with other incompatible elements, such as REEs - which is why they probably reported them.
La and Ce are light rare earth elements (LREEs), which explains why the TREOs are more LREO enriched.
I really do not know what concentrations of the other incompatible elements would be considered good, but at this point I just want to see high TREO (at least 2%) with half of that being HREOs.
IMO this would be good to advance the program at RR for REEs. If they had 0.5% to 2% TREOs over thick intersections, that would also push the project forward IMO. They described a thick intersection, so there are potential zones that are preferrentially enriched. That is what I am waiting on.
I hope this answers some of your questions wrt RR and its potential REEs. I would think that results will be released in the coming weeks, if not sooner.
DISCLAIMER: I am an anonymous poster and all opinions and/or interpretations are mine and mine alone and meant to facilitate open and honest discussions. I have no affiliations with this or any other mining company. If this were to change I would make it known and restrict or stop posting on this board. Please don’t ask for my credentials. As such, it is your right to ignore or question anything I post. Nothing I post is meant as a recommendation to buy or sell this or any other stock. Thus, I will not post whether I buy or sell any stock.
Protrader,
Thanks for the PM... I am well aware of the game being played! ;)
I was referring to ME saying VG.... which I never said. I was aware of this poster for Cabot... but like I said before, I cannot see the image close enough to confirm nor deny the existance of VG. However, I am sure they would not misrepresent its existence.
Hope this clears it up for you....
I read it.. but the image is too small for me to see it. I doubt they are misrepresenting themselves here... but I never came out and said there was VG...