Golden Gate
posted on
Feb 01, 2008 09:34AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Very good question indeed re: Golden Gate.
http://www.kodiakexp.com/_resources/...
"Golden Gate: a newly discovered 12 metre wide mineralized quartz vein including pyrite and chalcopyrite that remains open in all directions."
Like you said Golden Gate only mentioned in Nov 29, 2007 release:
"Follow-up prospecting using the recently interpreted geophysical data has aided in the discovery of the Golden Gate vein, an impressive 11-metre-wide quartz vein located approximately four kilometres southwest of the Golden Mile. The newly exposed vein outcrop coincides with one of multiple structures indicated using the geophysical data, contains abundant sulphides and significant amounts of chalcopyrite, and is open in all directions. The area of strong gold potential now has geometry in excess of 30 square kilometres."
"The discovery of the Golden Gate vein in a distal portion of the Elmhurst Lake intrusion demonstrates the strong potential of the entire area."
Was very significant revelation though IMO as this is what led to the development of and hype surrounding the "30 square km" mag map. I don't think they would have re-enforced this "30 suqre km" notion if they didn't actually have some indication as to what Golden Gate will hold... as discovery of the Golden Gate was the primary reason for them to state it in the first place.
http://www.kodiakexp.com/_resources/...
I'm sure they haven't forgotten about it. Would be nice to hear an update from company all the same.
IMO Golden Gate Au results will have a significant impact on share price of SGX as it would almost bring Au right to the border of SGX property. That is unless SGX releases Au results before this :D. Also would be interesting as SGX is in process of exploring a "10-foot-wide quartz vein within this mag low, which was not assayed for gold."
Still the very beginning.
red911