Re: Two options
in response to
by
posted on
Sep 03, 2010 12:55PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Forgive me if I've posted this before. I may have written a post and then not finished it, and then not submit it.
A large reason for the delay was die to a mixup at Actlabs. The core is bagged, put in sealed buckets and then coded. They are sent to Actlabs by courier.
When the buckets got to Actlabs they went into a room. I think they should betyically FIFO (first in first out) but the order in which they came out was random. When GNH started to get assays back they came in piecemeal and they could not construct anything with them. Unfortunately they had to wait for the entire batch to come back.
I think it was Hoov that explained this to me. I get the impression that the assays have been back for sometime now, but due to the nature of the deposit and no doubt Tilsleys stringent reporting that the modelling and drafting on any news release was going to take some time. Keep in mind that JT is not full-time, and he lives in Aurora Ont and that it is the summer when invariably someone was probably always on holidays (drillers, Sasha, Frank, JT, etc).
Then it's late August and everyone is back and the drill is turning and they are getting new information every single day and I personally think they have intentionally postponed this NR a week or so to cast a wider net on the market. Good call, probably.
The good news is that I think it would be fair to expect that after this first NR of assays, the next batches of assays will come back in a more reasonable amount of time.
These days so much remind me of when we went from 29 back to 16 on basically nothing. I visited the property during that time, and same as the most recent visit...progress had been tremendous.
I have no clue what the results will be like other than that I expect them to get progressively better with time. The intercepts have improved, and the VG has become more frequent.
If they somehow indicate that Beland may be connected to Timmins I think that we could expect some pretty weird things to happen. That alone could be the most newsworthy story of the year in gold exploration.
I only have one thing on my mind and that is the upcoming drilling at Lavals.
After that, it's simply a measure of how much dilution we will have to incur to prove up the largest gold deposit in North American history. That and convince Bay and Wall St that the nugget effect is the reason why it had been undiscovered until now.
The millions of ounces in the ground they can 43-101 as of today ain't going anywhere.