![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, December 20, 2009 5:39:29 PM
On a regional scale the property is located within the prolific Abitibi greenstone belt which is renowned
for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property appears
to be on trend with the Larder Lake – Cadillac Break with which many of the world-class gold deposits
are spatially associated. The Shining Tree property is also centred on the axis of a regional gravity high
signifying an area of thick supracrustal rocks and under-plating by oceanic crust. In the Abitibi these
associations appear conducive to the discovery of major gold deposits.
This could further confirm that our property in the neighbouring area has a very good chance to be a "world-class gold mine". Given the initial results that we got from preliminary samples, things are adding up to what could be a very exciting conclusion here...
And to give you an idea of the Shining Tree NI report timeline and subsequent price impact for Platinex:
Report was written and released on October 2, 2008 at which time the price was 0.035. A few months later (by the end of January) Platinex's share price rose to 20 cents.
Now, of course there were other developments over that time. And I also understand that factors such as share structure, trading exchange (Platinex is on the TSX-Venture), etc. will not necessarily make this an apples-to-apples comparison.
The point here is that a positive initial NI report on a Shining Tree-area gold property can have a profound impact on the company releasing it.
And, oh yeah I almost forgot...to the best of my knowledge Platinex does not have a multi-BILLION dollar Niobium property being proven up...
Suffice it to say that 2010 is going to be a VERY interesting year for those in the Sarissa shareholder family who decide to stick it out.
Thanks for all the DD Pdog. You've been a phenomenal asset to the board and your contributions (particularly those of the last couple weeks) have been tremendous!
~KS~
FEATURED POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM
Kona Gold Beverage Significantly Reduces Debt from Multiple Holders • KGKG • Jul 31, 2024 9:00 AM