This release is far better than you think!
posted on
Dec 10, 2010 08:36AM
4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)
From where I sit, we've got over 5m at close to 20g/t in just one hole.....that's 2/3 of an ounce per ton!........$850.00 per ton!....not to bad for our first shot at Regcourt
Thar's pretty impressive! Please keep in mind that this is only the first three holes the company has reported. We are still waiting to hear back on six more holes of the total nine hole program! I'm sure not all of them will be as strong as what we've just seen, but, think for a moment how small this drill program was.......how little money we had to do it with........and then look at the size and potential of this property in relation to it's former size as a mine! I think we are on to something here.
Next up is the downhole geophysics! This is what I'm most excited about going forward. I'm thinking that this part of the program may just about be done and we should hear news back in the next month or so. Perfect set-up for the next phase of drilling, only this time we will have a much better idea of where to drill for the best results. We could be back in the ground drilling by February only this time we'll be able to "SEE" where to drill.
Mtl had asked if the re-assay was part of the data released. I spoke to Robin and he indicated that the short intercepts that ran over 2oz per ton were sent out for metalic and are part of this information..........even so.....these intercepts are indeed short....but two ounces per ton!.....with numbers like that, I'm thinking we need to raise some Ammo and swiss cheese under this old mine!
Lot's happening and lot's of potential with news on the horizon!
.......carry.......(Qualifier: I own a large position in this company and, as such, my opinions are heavily influenced by positive news. Please do your own DD and form your own opinions.)