Yes, polar bear pasture is the stuff dreams are made of bogie, kind of stirs my imagination too.
Did they say how many tons to the ounce they were finding?
I see Goldfields likes it.
Amazing thing is these kind of opportunities are all over greenstone belts everywhere not just "way up there". Not every outcrop has been sampled in every cranny. Many things have been sampled and forgotten. I used to have claims in Red Lake with .50 ounce per ton grabs and 8 ounces silver and I could not even get companies to take a second look for 21 years. No further sampling was ever done. Hordes of high grade showings in the NWT. 100 by actual count on Wildcat's property alone. No further work on 95% of them.
One mine exploration project with undeground workings on it that I worked at in 1980 kept having companies come back to it time and again with more drilling and sometimes the odd bit of mining. Guy took a big open pit sample and made good a few years back. Now a company has it and is drilling. Last I heard in the mid 90's was there was 1.2 million ounces of .30 in it. Couldn't find anyone to plunk down the money and mine it.
The investment public often thinks its a matter of finding new and exciting things that no one has ever looked at before. What you find is that no matter what you are looking at, someone has at least walked it before and maybe knocked the odd bit of rock. After all the rocks are mapped clearly on paper. Geologists did that. I know a dozen people that have mapped and sampled the barrens for dozens of years. Back to the 50's. Kimberlites were found near Snap Lake, Dubawnt Lake, Point Lake and Lac des Gras in 1954 by GSC geologists. Only thing they forgot to do was look for pyrope or diamond in them. Companies such as Texas Gulf, Dome, Hollinger and Cominco looked for and found everything from lead zinc to diamonds up there. Prospectors wandered the Mackenzie, and one small Montreal company spent 60 million on Baffin Island in the 90's. Never announced anything.
The real part of the equation is getting the money to look. Selling grass roots combing of underexplored territory far away is just one game in the many in the arsenal of the promoter.
They never find or mine it all is my handy dandy promotional saying. And I can prove that a 100 times over. As Goldcorp proved, no matter how much they mine, they don't even come close to taking the best.
EC<:-}
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