InvestorsHub Logo
Followers 0
Posts 50
Boards Moderated 0
Alias Born 04/03/2011

Re: ElGuapo1908 post# 1053

Tuesday, 04/26/2011 9:49:05 PM

Tuesday, April 26, 2011 9:49:05 PM

Post# of 12573
I'll take question 1, Handsome Man, and Bienvenido.

Understanding "open along strike and at depth" requires a 3-dimensional view. Management will normally tell you how they plan to direct the drilling, so let's say it will run along an east-west axis, stepping out each drill hole farther to the west. If the drilling continues to encounter mineralization up to the last westward hole drilled, it's not that the mineralization has stopped being encountered to the west; it's that they have stopped drilling to the west, so the mineralization is still open along strike, or in this case in a westerly direction. More drill holes even farther to the west will confirm that there is/is not more mineralization as you continue drilling west, along the axis of the drilling. Open at depth is the same concept, only as you drill deeper. So let's say you encounter mineralization at 150 meters, and 200 meters, and 220 meters, but your drilling stops at 220 meters. As far as one can tell from the drilling conducted, you have not demonstrated that the mineralization has ended at that depth; your drilling has ended at that depth. So the mineralization is open at depth, until even deeper drilling confirms the mineralization continues or ends beyond that point. Being open both along strike and at depth is the most desirable place to be, because your drill program has ended still hitting mineralization at the last hole you drilled along the drilling axis and at the deepest point you drilled for a given hole. Hope that helps.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.