Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

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Message: Re: CRD-9
3
May 01, 2008 05:48AM

Re: CRD-9

in response to by
posted on May 01, 2008 01:38PM

Some thoughts on CR-32 and CRD-9.

1. CR-32 ended at ~230m deep, in strong mineralization and in Plan View, the hole terminated approx. below the 44100E line at depth, almost a full 100m west the the fault (assuming a vertical dip).

2. CRD-9 reported mineralization started at ~260m deep and continued to ~630m deep on the 43900E line.

3. The significant point looking at these 2 holes is that CRD-9 tested ground that is a full 200m WEST of where CR-32 ended! If the mineralization is continuous between where CR-32 ended and the 43900E line where CRD-9 is drilled, then this deposit does look to be as large as Penasquito, IMO.

4. If one then connects the dots between CR-21 on the east of the deposit, that was in brecciated and mineralized rock at ~44800E, then the current long axis of this deposit is over 900m!!

It is probably too early to indicate this conclusively, BUT it starts to look that way to me. The geometry of the deposit is difficult to visualize for me right now, I get sort of dizzy trying to see it in 3D. The reason for this is... the deposit looks open to the west, at depth, to the east and truncated by the property line to the north and we haven't gotten to the Don Julio IP anomaly yet!.

I remember reading that some analyst was commenting that they were disappointed in the April 10, 2008 PR because they figured the the "Blue Sky" for Camino Rojo was diminished by those reported RC and early DD results, well I see so much "Blue Sky" that I get light headed!! Pass the smelling salts!!

Back of the envelope figuring... Not investment advice.

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May 01, 2008 08:36PM
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