Re: Dumb Question
in response to
by
posted on
Aug 17, 2010 09:05PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Timmins, 88, Timmins 2, Road Zone, Ascot = tonnage we are accumulating.
Sugar Bush, Beland, Lavals etc will come later...and possibly never. I think they are being drilled to show how big this is and support the theory that it is all connected. I have a sneaky suspicion that if you geochemed the entire belt you would see hot zones from Lavals to Beland and everywhere in between.
We actually own the Timmins property which is where all the above zones are located. I think the idea is to drill the snot out of this area which will serve as the model for the rest of the property. It is presently open in all directions and Tilsley would sooner drill out from known mineralization then start somewhere new - which makes perfect sense. In addition if we are anywhere other than our property we would need permission and would have to compensate the landowner for destroyed trees, access etc.
I think it could take 15 years to drill out this property, that's how big it is. I don't think any of us shareholders will be around to witness that before the land is swallowed up by somebody else.
Of course, as far as I know looking this far into the future has not even been discussed. There is way too much going on presently for management to put energy into that. Their MO seems to be to prove up enough tonnage as possible and then look at 'next steps' when they know what they are dealing with.