posted on
Mar 10, 2011 12:52PM

Developing Bellechasse-Timmins Gold Deposit
New Discovery Resulting in a 20KM Mineralized Gold Belt

Message: NR
Hi Dog,
I would like to answer all your questions, except I am no geologist either. What the drill results tell me is that there is not a lot of gold in the 88 zone. The problem with that statement is that they keep finding visible gold there. What makes no sense to me is that if you can visibly see it how come you cannot find it through assay results. I believe 1g/t is 1 part per million. So, if so much of this visible gold is grading at 1ppm or less how the bleep is it visible to the eye? I have read all sorts of explainations to this, but they do not make sense to me. But again, maybe geologists have better eyesight.
The part that still excites me is that the T1/T2 zone is producing results that are good enough for an open pit mine. This mantra that keeps being spread on this board makes sense to me. The drill results are not sexy, but they keep finding gold in a viable quantity. If we are able to prove up 2.5 g/t, we are comfortably viable as long as we prove up enough tonnage.
I am not sure how much tonnage we would need but I am guessing that it would have to be at least 2 million oz. I am hoping they will come up with a 43-101 this year of close to that amount. I think that if we prove up over 1.5 million oz, some miners will get out their calculators to figure out how much they think we are worth. That would bring our share price to something more fair, like 50-60c.
Bob
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