Re: Charts & Comments - From The News Release
in response to
by
posted on
May 29, 2011 06:33PM
Saskatchewan's SECRET Gold Mining Development.
From The New Release, Sept. 10 2008
“EXPLORATION
Bingo Gold Deposit and Area
A diamond drill and exploration crew were mobilized to the Bingo site on August 14th and the surface exploration program is now well underway (see news release of August 6, 2008). The summer/fall surface exploration program in the Bingo area includes a drill program of up to 4,000-metres, approximately 100 line-kilometres of Soil Gas Hydrocarbon (SGH) sampling, prospecting, prospect evaluation, and additional drill target generation.
...........
Historic records indicate that numerous gold showings, and soil and bulk till gold anomalies exist in the general area of the Bingo gold deposit. A team of geologists, prospectors and samplers will further explore these existing anomalies with the intent of generating additional, high-grade drill targets. A SGH sampling program will form part of this exploration program. This method has provided favourable results on some of the Company's other properties (e.g. RKN Zone) and is a relatively new technology that was not available during past exploration of Bingo.”
http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203136
The size of the SGH is unusual, you would have to have something like 100 1km lines, each spaced 40m. apart, with some 40 test holes in each line. This would adequately cover the entire Dickens Lake prospect, including the en echelon structural duplication said to be discovered by drilling later.
This news release preceded the stock market crash, where the stock declined to 10.5¢/share in December of 2008, despite the activity. Over a year later, they announced the en echelon discovery. imo, the company is required to publish their SGH findings.
http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203184
As a wild guess, I would say that they have actually made their large discovery that they keep referring to here. They can't say to the public that a large discovery is to be made unless they already have factual proof that they have done so. Reading all of the news releases on the Bingo deposit makes for very interesting review.
Roy Lloyd spoke about a 3km anomaly in the La Ronge Gold Belt. This SGH survey would easily cover such a sizeable anomaly.
Food for thought
-F6