Predictions for the 88 Zone
posted on
Feb 25, 2012 04:25PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
We have only drilled 1 holed on the 88 zone since SGS came on board. This was hole 162 that returned 112m of 1.33g/t, here are the numbers from the news release:
BD2011-162 152 264 112 1.33 Including 170 184 14 1.07 Including 209 222 13 7.01 Including 232 250 18 1.47
Since then, we have drilled 3 holes in the 88 zone numbered 183-184-185.
Hole 183 is 38m to the east of hole 162 and drilled with similar azimuth and dip and
was 435m in length.
Hole_Name | BD2012-183 |
Easting | 406048 |
Northing | 5156274 |
Elevation | 398.31 |
Azimuth | 135 |
Dip | -74 |
Length | 435 |
We are more in uncharted territory here versus the infill drilling of T1/2 so results are more of a question mark. Since we are close to hole 162, I am hopefull for a decent intersection. A good hit here would be very encouraging as a second good hit in this zone would go a long way in making this area look economical and would mean our mineralized envelop is building and we are open to the east still.
Hole 184:
Hole_Name | BD2012-184 |
Easting | 405974 |
Northing | 5156310 |
Elevation | 398.31 |
Azimuth | 135 |
Dip | -75 |
Length | 609 |
This hole was drilled to the north west of hole 162 and passes under the collar location of hole 162. It is one of our longest holes at 609 meters and fairly deep at a dip of 75. This is also the hole that had the picture with all the visible gold so we should get a good assay here.
Hole 185:
Hole_Name | BD2012-185 |
Easting | 406056 |
Northing | 5156229 |
Elevation | 398.31 |
Azimuth | 135 |
Dip | -74 |
Length | 444 |
This hole is collard 64m to the ESE of the collar of hole 162. This hole would stretch our envelop to the east of T1 by a fair margin. I have guarded optimism for this hole.
If these 3 holes come back with a good assays, then we will be increasing our tonnage considerably and our chances of growing our deposit to an economical size will have increased significantly. I would also expect our share price to move up significantly on good results from this zone. Poor results here would be disappointing but would not kill the project.
Glorieux