Drill ready Gold projects

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

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Message: Ian BB - Apr 13

Ian BB - Apr 13

posted on Apr 13, 2010 02:41PM

I spoke to Ian earlier today....not a lot of new information since last report.

The hold up at the moment is the FN goose hunt which is scheduled to end this weekend.

Ian is planning to give the FN another week to complete their hunt before he brings in Crone to do the downhole work....Crone is already in the area doing work for others.

They have a larger drill sitting on the property. They are anxious to drill deeper at hole #8...previous drilling there went only 100m. The location of future drilling will be determined by the downhole results.

Assay results from holes 11-15 will be available very soon. The results of holes 8-10 showed wide intercepts (20M+) of sulphides at depth and they will be looking for this to continue in holes 11-15.

As reported earlier they intend to do an aerial (VTEM) survey of the entire property soon.

What investors need to understand is that the bands of copper/nickel bearing MMS that TBM have encountered on this south bend anomoly are similar to Noront's Eagle deposit.

This is magmatic sulphide that was introduced to this area during a plutonic event and there needs to be a source. The task is to find the source of the intrusion.

So far the grades of copper/nickel have not been outstanding but should be higher closer to the source.

These are exciting times in the RoF. Several companies are currently drilling including BMK, TBM, FNC and NOT. They all believe they are close to finding the next Eagle type deposit. When it happens (hard to believe it won't after all the mineralization that has been found in a relatively short time period) the entire RoF will benefit.

Rising tides float all boats. When share prices rise, this will spur further drilling because it will be easier to raise money. That in turn increases the odds of finding even further deposits. As we have observed, they are still finding more ore in the Sudbury Basin after 100 years. These are very early days for the RoF.

SN

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