My discussion with Frank Candido
in response to
by
posted on
Jan 27, 2012 09:11PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
First to answer Snug: When I talked to Frank this morning, he said he wanted the resource estimate done by the end of February, in time for PDAC. So the cut off point must be really close right now if we have not already passed.
When I talked to him, he was obviously very happy with the latest results. He explained how the dynamics have changed now with SGS. Under JT, there was really no discussion of how things would be done. JT had a plan and that was it. Now with SGS, JT and others , there is back and forth discussions on how to approach things and this is leading to better decisions so far.
He said the visuals of the drill core on the Champagne zone were quite good but reminded me that until assays are in, this does not mean anything. However, he said after consultation with SGS and JT, it was decided to fly VTEM over that area. Now, he said this should of been a give away to people that we liked what came out of the ground as people do VTEM first and then drill normally. The VTEM identified a strike length of 13km and led GNH to acquire those new claims on January 17th. Frank believes that GNH will be a 2 trick pony very soon however he cautioned me again about assays not being out yet.
The Champagne zone has a historical non 43-101 compliant report where they have:
estimate of 250,000 tonnes of massive and disseminated sulphides averaging 2.7% zinc, 2.4g/t gold, 0.40% copper, 0.45% lead, and 19.7g/t silver
Now, they did some new drill holes over the already identified orebody but then did a few wild cat holes more on the periphery. For them to book VTEM and acquire more claims from visuals alone, I have to think those visuals must of been quite compelling even without assays.
The last thing he mentionned is that they were actively interviewing new IR firms to help market the company to new investors. He wants more eyes on our project (s). Seems like everything is lining up again for us and I think everyone is wiser this time around. With SGS aboard, I think this will limit mistakes and with gold and gold equities getting more attention, the timing is right for them to deliver good results.
Glorieux