Re: Good, Great of Bad numbers... 1.5 is not bad ...it's good.
in response to
by
posted on
Feb 08, 2010 10:35PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Ya, that's kind of where my head was at as well. I agree with Yellowknifer if those grades were for our entire, built-out, future 43-101 where we have uncovered and exhausted the property in its entirety. At that point I would suggest that if the grade was anywhere above 2g/t then we are likely maaaade in the shaaade.
From the GNH website.
2007: Airborne survey over Timmins area and Lac Etchemin area. Diamond drill program defined edge of T1 mineralized intrusive. Significant widths of the T2 mineralized intrusive exposed by trenching. The Rico trench (T1 bulk sample) yields 38m of 3.805 g/t Au at surface.
My thought is that this is a bulk sample for a specific area that has already proven exceptional grades a few times in the past.
Also from website:
1960’s: Bulk samples taken from three pits excavated in selected veins produced a weighted average of 10.63 g/t Au (0.31 oz/t Au) from a total of 39.3 metric tons (43 short tons) of material
Im most certainly not trying to take the wind out of our sails with my hope for grades above 2. I do have certain expectations though and for me personally I am looking for greater than 1g/t on this sample for sure.
Keep in mind that I believe that Tilsley can get a 43-101 report done with whatever these results are. And whatever they are, I think we will have significant tonnage at those grades. For that reason a low grade will probably still make this area feasible and blow our market cap up substantially in the long run, but I think we are on to something special here...which is why we are all here...and why I believe Hoov felt comfortable endorsing this one in the first place.
B