James Bay Lowlands & Bob Lake Saskatchewan

Yes, a BIG HIT and only more big hits are coming

Free
Message: 30 & 200mda is .17 = Resistances

Finally some excitements here! I hope for SASK assays already 6 months, ROF assays and don't forget Gold property.

This is very old target price from this year but is still relevant:

ScotiaMcleod Research had a long term bullish opportunity projection of .59 - .69 cents

Some tips from last important news:

Targeting Chromite on Big Mac and Hornby Properties

Earlier this month, the Company conducted a gravity survey for chromite targets on its Hornby Property (jointly owned with Temex Resources) and it's 100%-owned Big Mac Property . Based upon the review of its land holdings and historic data, MacDonald Mines has begun a drill program concentrating on the chromite potential of both these properties . The drill program will focus on localized gravity anomalies in close proximity to magnetic highs. The budgeted drill program on the Big Mac and Hornby Properties will be approximately 1,200 metres and 1,600 metres respectively.

And of course long waiting SASK assays:

Numerous High-Priority Targets

Twenty-three high priority conductive anomalies were examined over the course of the summer field season. Many of the conductors were found to be associated with sub-cropping sulphide mineralisation enriched in Cu, Ni, Zn and Ag. The organic soil sampling has successfully allowed discrimination of the conductors by outlining a number of multi-element geochemical anomalies. A minority of the mineralized zones was previously explored in the 1960's but did not obtain the benefit of modern exploration techniques outlined in the release and most of the targets represent new occurrences.

The Company has employed the services of Dr. Larry Hulbert to interpret the soil geochemical and geophysical data. He is a well-known geologist with many years experience in magmatic Ni-Cu-platinoid exploration and was the Geological Survey of Canada commodity expert in this field for many years. Utilizing past practices, Dr. Hulbert has employed proprietary geochemical discrimination tools to interpret the Property soil geochemistry on targets he has identified through interpretation of new Company airborne data, and his own data.

Dr. Hulbert has identified eight highly attractive drill targets on the property . These targets are interpreted to have strong potential for Magmatic sulphide mineralisation (Ni-Cu-Platinum Group Elements) and Volcanogenic Massive Sulphide (VMS) mineralization. A program of diamond drilling will be initiated September 15 over a minimum of eight targets for a total of 2,000m of drilling.

And finally I want to hear something from Gold JV:

Virginia initially staked the property based on lake sediment and till sampling carried out by the Quebec Government. The area displays anomalies in gold, arsenic and tungsten. Virginia subsequently completed additional till sampling that was subjected to a heavy media separation which was scanned for gold grains. In one area as many as 67 gold grains were detected in one sample with 50 of these being pristine, indicating that they had undergone very limited distances of glacial transportation . Several IP anomalies remain unexplained within this favourable auriferous context.

An exploration program is planned for the summer of 2009 to test these anomalies. Work will include additional geochemical sampling, geophysics, prospecting and mechanical stripping. It is anticipated that a drill program will be initiated before the end of the year in order to test targets generated by the exploration work completed to date.

MacDonald will have the option of providing supplementary personnel to Virginia's exploration team. Virginia's exploration group has extensive gold exploration experience and was responsible for the discovery of the Éléonore gold deposit located to the north of the Assinica Property.

Let's finally move up, it's about time!

GLTA!

Share
New Message
Please login to post a reply