I missed this in the Oct 4th news release but it makes sense being that TPW is between Lakeshore and Timmons. I would like to know what CD means by "economically important sediment-hosted gold". Does this mean it is cheaper to mine and make into bullion? If so, maybe he could expound as to where this is occurring and what/how does it contribute to the ultimate formation of a future mine. I think we need to know more about this because if it is significantly positive, then we need to get this out to the media (after I buy a few more thousand):)
The Diamond Drilling to date shows the emergence of two types of structural and lithological features typical of known world class gold camps. Its porphyry-hosted gold mineralization resembles that of the Porcupine Camp’s Hollinger and McIntyre Gold Mines. We also see the emergence of economically important sediment-hosted gold which is most like the Ashanti Gold Belt in Ghana, West Africa. Because of its unique overall characteristics the West Timmins gold camp can be considered a distinct gold camp with two primary gold target types:
1.Hollinger/McIntyre type porphyry related gold deposits. The best examples are
found on Explor’s Timmins Porcupine West Property.
2. Sediment-hosted pyrite/gold deposits. Examples are Lakeshore Gold’s
Timmins Mine (former Holmer Mine) and Lakeshore’s Thorne Property.