InvestorsHub Logo
Followers 3
Posts 823
Boards Moderated 0
Alias Born 03/12/2011

Re: Destinator post# 9608

Saturday, 03/09/2013 6:17:11 PM

Saturday, March 09, 2013 6:17:11 PM

Post# of 12573
It was felt that a 3D model would have a major impact on SP. I it didn't.

IMO the all this is good from a geological point of view unfortunately the market real couldn't careless.

[quote3. 3D Model - I discussed with him page 21 and 31 of the 3D model whereby the high Fe-tholeitic volcanic rocks appear to be the most favourable host rocks (p.21) for gold. I pointed to the north limb shown on p.31 that shows a much larger concentration of such high Fe-tholeitic rock and asked if it was reasonable to speculate that there would be a lot more gold up in that area. He confirmed that the few drills holes from the North Limb mimicked the shallow findings of the South Limb and that he would love to be drilling the north limb too and will do so if necessary. He pointed out that both zones (South limb and North limb) of high Fe-tholeitic rock lie adjacent to faults (see blue diabase on page 31 of the 3D model) which are how the gold gets carried. The current market conditions however are keeping him focused on the shallow open pit potential of the South limb area for now.

I just know that the above paragraph / comment will provide plenty of fodder for the anti-Chester acquisition opinions so I provide some input on the Chester property as well later on in this commentary. ][/quote]

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.