This is how I see it....
posted on
Oct 20, 2010 05:42PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
I had a fellow GNH'er in my office today and of course, we chatted about GNH. This guy knows lots about the company and has met Frank with me several times, is a long, and has a low average cost. He is also getting nasty phone calls from all the people he has advised to buy this stock...and who are also still in the money!
Well, we talked and I obviously have a great deal of confidence in the ground at Bellechasse. I started to pull up the maps on the website and explained what I thought was obvious, and what Glorieux has been trying to tell us all along. He was blown away with what I had shown him and left my office feeling great about his positon with GNH. I assume most people know this, but maybe not?
Pull up this map. http://goldenhopemines.com/_resources/maps/bellechasse_timmins_2010_preliminary_ddh_comp_oct_6_2010.pdf
Okay....so we have results up until Hole #119. (and 3 more at Beland but forget about those)
Look at the BLUE portion of all of the drill holes from #93 - #119. The BLUE portion represents where the quartz is with diorite. That's where we are supposed to find the gold. Look at how much BLUE there is on these holes that have been reported. There ain't much. In fact, if you look at the amount of blue and correspond that with the amount of gold we found in the latest set of results, you will see a positive correlation.
A lot of these holes have little blue and some have none. Those that have a little or none have almost no assay values. Those that have more blue have significant values. In simple terms BLUE=GOLD.
Now. Look at Hole #117. This was the best hole from our last set of results and gave us 34m at 3.68g/t. Look at how much Blue there is on that hole. There is more BLUE on that hole than on any other hole that was released in the last batch of assays.
I just grabbed a ruler and I measured the amount of BLUE on hole #117 as 14 (don't ask the unit of measurement, I was using an architects ruler).
I then used the same ruler and measured all of the BLUE that is showing on the holes from 120-132. That number came out to 144, or more than 10 times what we had in hole #117.
So, it's apparent that the next set of assays is where we have found the most Quartz in Diorite.
I'm not trying to pump, and I'm not saying there is going to be insane results coming out, because I honestly have no fricken idea.
I do know that I have spoken to Frank, Sasha and others that are close to this project and I they exude confidence now, that they never heard before. Why? I don't know.
My friend just insisted I put a post on here explaining this because he had no idea about what this map said. He thought it was basically the company GIVING you the assay results. Well, in my opinion it may be just that...and holding my shares is a gamble I very comfortable in making.
I hope this proves to be useful for some. I really do think we are undervalued at this point and those that understand what is happening here will profit considerably in the not too distant future.