$EXS PENNIES,INSTEAD OF DOLLARS??? As a general rule, I gather as much information as I can from week to week, and post accordingly Mondays before the ‘open’. I’m compelled to post today as I feel readers should get this information sooner, rather than later. Many of us are aware of Timmins worst kept secret that Glencore drilled horizontally from the 6500foot level of the Kidd Mine. Rumors suggested ‘in a westerly direction’, then an ‘easterly direction’. The actual drilling had a slightly northeasterly direction, and the first 1,000meters drilled yielded nothing. The further 300meters, however, for a total 1,300meters, was into a VMS deposit. I’ve heard this from a number of my sources. Glencore terminated drilling at that point. WHY? BECAUSE THEY WERE ON THE SOUTHERN EDGE OF PROPERTY BLOCK #4210980 BELONGING TO EXS/EXSFF!!! Given the massive size of the original deposit, yielding 60 different marketable elements, worth $60BILLION to date, including Copper, Zinc & Silver, Platinum & Palladium, EXS decided to drill on the northeast corner of the property. If they hit the VMS, then obviously, most, if not all of the property block would be sitting on top of VMS.
Exhalite is a dense and extremely hard rock form found only one other time in this entire region, when the Kidd discovery was made in 1964. Reports I’ve read associate Exhalite with VMS deposits, and my understanding is that as the VMS cooled, this ‘stuff’ bubbled to the top, and basically formed a crust. The rumor I’m hearing is the drilling hit a major Exhalite intersection somewhere beyond 600meters, and contained noticeable Zinc. So, as they continue drilling, will they catch the northern boundary of the VMS deposit??
There is absolutely no doubt in my mind that an orchestrated accumulation of EXS/EXSFF stock is in progress by Tahoe (as they did with Lakeshore Gold), or Osisko, or the group behind Kirkland. There is a ‘rumored’ find by Tahoe, EAST of the Gap144 discovery, towards the TPW, and adds more credence to Tahoe’s desire to own the TPW deposit, currently under option to Teck, literally within a few hundred meters of their new find. Connecting the ‘dots’, the total strike length could be in the order of 13kilometers. That would make the TPW/Gap144 one of the largest GOLD deposits ever found in Canada. However, whomever is behind the unusual trading in the stock must own a minimum of 20% of the stock of EXS, or roughly 22million shares, to be able to LEGALLY put forward an offer to shareholders, rumored at $0.60/share. The potential for gains into the triple figure realm loom much larger, given the progress at Kidd, and the enhanced potential at TPW. Please understand what is really going on here & don’t allow yourself to be sucked in by these majors, looking to make billions, by handing us pennies!!!!
