From Hoov
posted on
Feb 20, 2011 12:01PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Now, coming back to the 88 zone drill results…..That was pure exploration drilling. If the visuals from the core had not been promising, I’m absolutely certain that the number of holes/total metres put into that zone would not have been as many as they were. I’m going to express a purely inferential conclusion that there must have been a lot of quartz in those holes (hence Snow White), but that the quartz came back from the lab with low mineralization. Mother Nature can be cruel.
But 88 was a small part of the prospectivity of Golden Hope. It was only a twinkle on the horizon when I first bought in. The first holes into this target began in late May 2010. The holes into 88 since that time have been purely for exploration purposes. But right now, definition drilling is underway on Timmins 2, and soon on Timmins 1, with the intention of determining a 43-101 compliant resource estimate, with both inferred and indicated resources. In reasonably short order, we will have “ounces in the ground”. Much sooner than that, we will have the results of surface bulk sampling, to increase our understanding of the true grades of the multiple surface exposures. And we await the results from drilling at Laval’s Mountain. But those programs are being conducted on only a small portion of what is itself just 20% of our claims in the region. In the bigger scheme of things, very little has changed for me, with the release of these drill results.