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Replies to post #127633 on Golkor Inc (GKOR)
From Ken Stead:
"Let me explain the difference of what we are calling the Handcamp and what the old records is calling the Handcamp.
In the early years of the old “GullBridge” copper mine, which is approximately 10 kms SW of our claims, much exploration was carried out in the vicinity of the mine looking for the main copper horizon that was hosting the copper at the mine.
Therefore, an extremely large parcel of land(hundreds of square KMs) was staked to the NE of the mine where numerous copper and gold showing were discovered. Gold was at an all time low and too costly to take our off the ground at any dept. That huge property became known as the “Handcamp” property. Over the years much work was carried out in various places with some drilling many KM to the South of our property, where they were still looking for the copper horizon that was at the GullBridge copper mine, yet it was all called the Handcamp. After a while portions of that property went back to the crown with lots of interesting data but not being compiled into one data bank to see the full potential of the whole area.
In the late 90’s a couple of prospectors discovers this tremendous gold zone way to the North of what was called the Handcamp property and they called this gold discovery (wouldn’t you know) the Handcamp property.
That’s why it has caused some confusion over the years as being a property overworked and changing hands, as Mr XXXXXX claims to raise $$ on, which is not accurate. This area is very under worked and we intend to see what its full potential really is, by drilling it and other areas as well if data proves it should(and it’s looking that way.)
The gold numbers are very high in the area and because of the overburden soil sampling and trenching has proved that there is much more to this area than what has already been discovered. We will continue to do what is necessary to bring this property to the next level and hope that it will warrant a feasibility study to become an economic deposit."
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K Stead
Previous Exploration
The area in which the Property is located has had a sporadic history of exploration and development since discovery of the Handcamp gold and base metal prospect in 1928. Trenching was carried out on the prospect in 1930 and six short drill holes completed in 1941. Orenada Mines Ltd. conducted a short 14-hole drilling program on the prospect in 1956. Geophysical surveys including magnetic and electromagnetic surveys were conducted on the property between 1956 and 1977. From 1977 to 1979 Falconbridge Ltd. carried out geological, geochemical and geophysical surveys in the prospect area followed up by trenching and a nine-hole diamond drilling program. During 1982, US Borax Ltd. and Pacific Coast Mines Inc. carried out an induced polarization geophysical survey and subsequently a seven drill hole approximately 684 m drilling program.
Results of the previous exploration returned generally encouraging results that prompted KATX to option the Property in 2006 from certain prospectors. At that time, KATX established an approximately 2 km by 2 km exploration grid centered on the Property. Soil sampling on the grid revealed elevated concentrations of gold, copper and zinc related to the main structure on the Property as well in an area on the west side of the grid along a chain of small ponds. Several rock samples collected in the area also returned elevated gold. The Property was returned to the vendors in 2007. A high resolution airborne magnetic survey completed by the Geological Survey of Canada in 2008 revealed the presence of northeast-trending magnetic structures, one of which coincides with the location of the Property.
AI
