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Thursday, October 14, 2010 4:13:38 PM
As for these deposits being 8 years old (which you've also stated numerous times), that's just silliness. I can assure you that these deposits have been here a lot longer than that and if they existed to begin with, I highly doubt they've just disappeared after 8 years of sitting in the ground! If anything, there could have been additional mineralization. All this of course depends on many factors, as you well know (i.e. the thickness of the anomaly, the amount and timing of brecciation, the volume of associated fluids, etc). The amount of brecciation depends on several factors, such as the competency of the country rock (what the magma is intruding into), size of the intrusion, amount of volatiles in the magma (is it water-rich?), etc, etc. The geochemistry of the magma and amount of fluids will control the style and grade of mineralization. They may intersect a brecciated zone prior to intersecting the mid part of the anomaly, which is probably the fluid source (i.e., intrusion) for the mineralization. Then deeper they would come through into the lower part of the halo, brecciated zone; which according to the geophysical interpretation is thicker at the bottom. If they get comparable geology as the OD (i.e., not great results, but still a viable environment), they could test the edges of the anomaly later in the program. The thickness of the anomaly is also important as it controls the amount of associated fluids, which in turn controls any associated mineralization. So it is important to understand the potential source too.
I say, we wait and see what the "truth teller" has to say before we automatically conclude that this is a worthless property. However, we can discuss all of the preliminary exploration work (Geophysics, sampling, etc.) which suggests (as several well-known geos would attest) that we have potential for a nice sized Iron-Oxide-Copper-Uranium-Gold deposit. Now we shall see how close we were to reality. I for one am very excited!
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