SF Meeting
in response to
by
posted on
Dec 05, 2008 07:47PM
Historic Discovery Along Porcupine Destor Fault
Sorry it took me a bit to get to this post. I was able to have breakfast with Harry Miller and Laura Stein last week on Sunday morning before the opening of the SF Hard Assets Show. IMO The facts of the property are very encouraging. I like that the Beattie property was the discovery location for gold in this region, along a big structure that stretches west to Timmons.
The company is adding land holdings that closes gaps the along the strike of the Beattie and Donchester faults, this is good news IMO. Drilling continues and assays are pending release. An updated resource estimate is coming. Harry understands the value in 3D modeling of these deposits. I encouraged him to do the 3D models he suggested so we can get a view of the deposit as it unfolds with drilling. Normally this is all great news.
In the current market, where good results and fundamentals will most likely be ignored for the present time, I cannot know what should be done and when. I think that with 7 drills turning and data accumulating, the resource is most likely growing.
It wouldn’t be a surprise me to learn that there were predators feeding on the share price like has happened to so many other equities, you can't promote them.
So I guess I am here because I believe big structures set the stage for big deposits; a substantial amount of gold is at hand and does not have to be mined. A resource that is easily accessible by processing the waste dumps of earlier mining/milling effort, IMO this is a real advantage for Clifton Star going forward.
Clifton Star is still drilling to expand the resource and the market is really bad, what’s not to like? The rest will follow as it does. No crystal ball here.
Not investment advice.