Re: Geochem validation by bulk sampling and more..
in response to
by
posted on
Jan 29, 2010 12:01AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Yes guy! Loving all the A-List posters on GNH....
Agreed 100% Scott. For me, it's all a matter of personal preference.
The bulk sampling results are, without question the the most important piece of this puzzle.
Without those results confirming a decent grade, the geochem survey is kind of moot. Well, unless the geochem uncovers that this mineralization from Timmins is continuous and open in all directions - which to me - looks like that is the case. In that case the bigger it is, the less important grade will be as our potential tonnage is looking like at least 4x what it was when I bought GNH 2 months ago....and IMO growing.
Also there is no way in heck (that nice word is for you Herb Wiebe) the next round in Geochem won't uncover more targets. I think the next round of Geochem is supposed to 'Fill-in-the-blanks' that are on that map. It's like those invisible ink YES or NO books I had when I was a kid. I'm pretty sure I already know what the rest of the drawing will look like and my guess is close to a double.
I digress though. Ever since I have been involved in this stock EVERYONE has talked about this property with extreme caution and conservatism...as they should. Keep in mind I post my thoughts freely of on this forum and they are not conservative....I think it walks like a duck and talks like a duck....
The results are not officially in and I don't think many know about the Beauce and it's potential grade and girth...but in my opinion, the more I read the more I believe that this is looking a genuinely significant score - at this market cap in particular.
I had a good chat with Sasha this morning as I wanted to clear up a few of the items I posted and get any updates. I left my notes on my desk at work and will post it tomorrow - nothing pressing, just details on history i was wrong with and some updates on exploration.
In short, things are good and this small crew seems very effective as they have worked on several new areas and have submitted more samples to the lab, all in the past 4 weeks.
Actlabs is apparently backed up from the Christmas break and the bulk sample batch is not yet in so I guess no news this week. They are expecting anytime...where have I heard that before?
Brad