News
posted on
Aug 25, 2014 05:18PM
Saskatchewan's SECRET Gold Mining Development.
Rod Zone Extensions
The company is not necessarily 'trial ballooning' the market this time, though they did release after the close. This is laying one of their cards on the table. The dimensions of the Rod Zone + extensions are much larger than previously thought, or indicated in historical facts detailed in the SMDI.
At the time of the Rod Zone discovery, no capital was available for gold mining development during the gold bear market in the 1980's and 1990's. Short sellers took great advantage as they do now.
The Rod Zone aught to be very much like the Roy Lloyd mine, only 3X larger.
You can see quite clearly the Alimak Zone open pit just below the mill, and use the available map scale and a piece of paper or a ruler to measure:
http://binged.it/1tN8sjm
Be sure to click on 'bird's eye' view for the previous year's aerial photo for comparison.
Saskatchewan Mineral Deposit Index
http://economy.gov.sk.ca/dbsearch/MinDepositQuery/default.aspx?ID=1877b
With the addition of the Decade deposits, one on the shore of Mallard lake, one running under the lake about the same size as Lloyd, and two north of the lake en-echelon to the main deposit makes for a large underground mining development.
What is more conspicuous is the lack of a comprehensive technical report. It's preposterously absurd not to have a reserve after years of unannounced drill programmes in this zone and tens of millions of dollars of development capital expenditures.
http://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203309
-F6