So SWEET to read!
The existing historic resource estimate for the Brooklyn Vein offers Colorado Goldfields a prime opportunity to develop a near-term minable reserve through confirmation and step-out diamond drilling. The expected resource blocks are located below the Number 2 Level of the mine and occur as down-dip extensions of known ore shoots. Most importantly, these ore shoots are open at depth and the continuity of mineralization is indicated by historic ore grade (0.10 to 2.13 ounces per ton of gold) drill intercepts over composite 4 foot mine widths.
In total, the Brooklyn property consists of approximately 600 acres of patented and unpatented mining claims centered on the Brooklyn Shear Zone. Surface reconnaissance of known mineralized areas, a geochemical soil survey, and a geophysical magnetic surveying are planned for late 2011 in order to assess the scale of any unrecognized mineralization.
"Aside from the obvious increase in value of the existing historic resource, this property is particularly exciting because it has been the site of several 'specimen grade' gold discoveries," stated Stephen Guyer, CFO for Colorado Goldfields. "We are targeting grades of 0.30 to 0.90 ounces per ton of gold, however the Brooklyn Vein has produced ore with grades as high as 30.0 ounces of gold per ton," stated Jonathan Moore, Project Geologist. "The Brooklyn represents a property that is perfectly aligned with our Company's strategy of targeting past producing mining properties in historic districts for exploration and production," said Moore.
Boardmarks continue to climb, shares snatched up left and right, PR's coming out with excellent news and with a hell of a lot more frequency, PPS holding its own very nicely. YEP!, Alls well and looking sweet. Smart $$$ moving into CGFIA. Those with patients will be rewarded, those without.........keep crying!
So much for the predicting pudge on this board....HA!! Gotta' love it!
GLTA -1
GO CGFIA!!!
Sieg
AI
