Drill ready Gold projects

2nd largest land package - Red Lake Mining District & promising properties in the "Ring of Fire"

Free
Message: Onboard

According to Jay the news release will be on assay results from the lab. They have now completed holes 8-15.Most went 300M but one went to 420M.

It appears that we have good (long) intercepts as they are sending lots of core to the lab. However these results will be from the first 3 drill holes and will not include any of the results from below 300M.

It will be another 2-3 weeks before we see all the assay results for Cu/ Ni and even longer for PGE's. We have not seen the PGE assays from the first 7 holes yet.

We know they are in MMS and it contains Cu & Ni etc. So now the unknown is the grade below 100 meters.

As Glorieux has reported they coaxed a small drill to go to 420M when its normal capacity is 300M. It sounds like they were in mineralization at 300M and did not want to stop. It makes sense that they would stop as soon as they were out of mineralization below 300M. It makes one think they were in mineralization all the way to 420M.

Just an interesting aside. Ian told me they spent $70,000 setting up their current camp. Now the FN are using the camp for their goose hunt. Not a bad hunt camp me thinks!

I have been doing some DD on Tribute and have discovered that they have other very good properties in the Red Lake area with proven reserves as high as 14%Copper and 7.3%Zinc. They have a total strike length of 30 km in the Confederation Lake area.

When you put all the info together regarding the Friday anomaly, it is becoming more and more likely that TBM will announce good results from their current drilling. We can expect a dramatic increase in the sp. This will allow TBM to raise money to continue exploration at the RoF and at Confederation Lake. That spells Blue Sky folks.

Following are the results from previous drilling on the South Bend Anomaly.

Assay values of note are listed as follows:

Drillhole Downhole (m) Cu (%) Ni (%)
GB-09-01 95.9-96.3 1.20 0.03
GB-09-02 59.2-61.4 0.31 0.03
GB-09-05 95.4-96.6 0.50 0.12
GB-09-07 98.8-102.4 0.31 0.02

The sulphide mineralization of the intersections consists predominantly of narrow sections of stringer to semi-massive to massive banded pyrrhotite with lesser pyrite interspersed with blebs and disseminations of chalcopyrite hosted within pyroxenite ultramafic rocks and cut by felsic intrusive dykes and granitic gneiss.

SN

Share
New Message
Please login to post a reply