I figure Windfall will be spun out soon as a seperat venture... This is looking like the results from EXL/ SSR maybe even better.... That was consolided as Goldeagle.
Recently taken out for 1.9 billion... "WITHOUT" a resource estimate.... just continuety of Goldcorps existing structure..
I previousely posted that these quartz veins are difficult to prove up oz in.... Similarity to SGR.... Takes some time to show continuety, and only a bulk sample will give a true reflection of this potential... That is because statisticly one is more likely to miss than hit.... and thus a direct hit on a gold sringer will produce stellar results. There likely will not be a 50 oz zone of rock 5 buy 5 meters. In fact the new photo on the NOT website confirms this...
There have been multiple high grade intersections on these properties over the past few years, in excess of 1 oz / tone Likely we have more continuety than one might think... I bet that on average we see 1 to 2 oz over significant tonage.
The bulk sample will show the mining potential of this venture.... If significant the amalgamation into a single entity would enable the buildout of a full scale mining operation, or selling it to a major such as Agneco eagle..
"http://www.freewest.com/_resources/p...
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Agneco Eagle just opened the goldex mine this year, maybe they would like to expand that operation... Hauling high grade is a viable option.
Goldex NSR
Probe holds a 5% net smelter royalty (NSR) interest on claims covering a portion of
Agnico-Eagle Mines Ltd. ("Agnico-Eagle") Goldex deposit, located five kilometres
west of Val d'Or, Quebec.
In 2005, Agnico-Eagle announced that a new gold mine would be built at Goldex,
with production expected in 2008. Goldex hosts a measured resource of 1.6M ounces
Au in a low grade, bulk tonnage environment. An annual production rate of 170,000
ounces of gold at total cash costs of $240 per ounce. With gold prices at an all time
high, a positive production decision at Goldex means that Probe's NSR has moved a
step closer to becoming a significant potential revenue stream for the Company.
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