Wednesday, September 08, 2010 9:27:55 AM
First drill program summary
Now that the press release is out I can give you a glimpse at some of the things we talked about last weekend, now understand here that anyone asking questions did not get an answer before the news release because this information was not public.
First of all, this is a system, which means it could be of substantial proportion, there will be a main body of ore and the bottom of it could easily extend down several thousand feet. Let’s think of it as a giant octopus, it has a main body (zone) and it has arms that reach out, the main zone of this system could prove to be massive. One of those arms has reached out to the surface and as witnessed by the 360 meter by 450 meter (size of 30 football fields) of green malachite staining we have talked about before. By drilling at an angle some 150 meters from this main anomaly they intersected part of this massive structure. The geologist and the geo-physicist both agree that there is a main body to this structure and unofficially (because it is not proven) could extend up to a mile to the bottom of this zone or system. The drill bits are hitting a zone not a vein of potentially high grade ore content.
What we have here is a partially defined system; the first drill program just went down 100 feet to see what the surface rock consisted of. In order to fully understand how massive this system is they will need to define its width length and depth. Ordinarily there are three ways of doing that; 1. Bring in a big deep drill rig, 2. Use ground magnetics to understand what is in the structure to a depth of 1,000 feet or 3. They could do both.
I will say that this company has only just started, the drill programs of the future will continue to define the depth and grade and in my opinion this property will not be joint ventured or sold until a full understanding of what the entire system is worth. More money will have to be raised but that is par for the course, the first drill program is paid for and cash reserves should move us into the second drill and ground magnetics program with ease. I have always said this was a long term hold, and even as we build probable reserves and they become proven reserves to show it’s true value, this company should continue to prove it’s professionalism in the mining exploration field.
Now that the press release is out I can give you a glimpse at some of the things we talked about last weekend, now understand here that anyone asking questions did not get an answer before the news release because this information was not public.
First of all, this is a system, which means it could be of substantial proportion, there will be a main body of ore and the bottom of it could easily extend down several thousand feet. Let’s think of it as a giant octopus, it has a main body (zone) and it has arms that reach out, the main zone of this system could prove to be massive. One of those arms has reached out to the surface and as witnessed by the 360 meter by 450 meter (size of 30 football fields) of green malachite staining we have talked about before. By drilling at an angle some 150 meters from this main anomaly they intersected part of this massive structure. The geologist and the geo-physicist both agree that there is a main body to this structure and unofficially (because it is not proven) could extend up to a mile to the bottom of this zone or system. The drill bits are hitting a zone not a vein of potentially high grade ore content.
What we have here is a partially defined system; the first drill program just went down 100 feet to see what the surface rock consisted of. In order to fully understand how massive this system is they will need to define its width length and depth. Ordinarily there are three ways of doing that; 1. Bring in a big deep drill rig, 2. Use ground magnetics to understand what is in the structure to a depth of 1,000 feet or 3. They could do both.
I will say that this company has only just started, the drill programs of the future will continue to define the depth and grade and in my opinion this property will not be joint ventured or sold until a full understanding of what the entire system is worth. More money will have to be raised but that is par for the course, the first drill program is paid for and cash reserves should move us into the second drill and ground magnetics program with ease. I have always said this was a long term hold, and even as we build probable reserves and they become proven reserves to show it’s true value, this company should continue to prove it’s professionalism in the mining exploration field.
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