Call with Sasha
posted on
Jul 29, 2010 04:17PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Just had a call with Sasha.
The drill is turning, and we are on 5 of 15 and we are still batting 1.000 on mineralization! Quartz in every hole and it sounds like the drilling is going very well. The location of the drilling is basically filling the 'gap' between T2 and 88. Snow White is south of 88. Some drilling planned for Sugar Bush and Lavals Mountain coming up.
Results sound like they are around the corner as he said they will release them as they come in but they must release them in pertinent batches. For example, there is no point releasing random selections of drilling, they have to be assembled in a manner that they make sense to them and to the public.
I asked him how this drilling will 'prove' tonnage. I was not 100% clear on that aspect, and he gave me a cake analogy with jam in the middle which I'll revise it a bit. Let's say you have a vanilla cake with a blob of red jam in the middle. Stick several wood skewers methodically in the cake. Wait about an hour for the jam to stain those skewers and pull them out. Depending on the angle and the placement - you can devise a model of where and how that jam sits in the middle of the cake, and it will be an accepted method of determining that. That jam will kind of be like our mineralized quartz we keep hitting.
So keep in mind all of the historical drilling that has been done on this property, there is lots of information available to determine the tonnage (of course, I'm no expert in that regard).