Let's see, what else did I learn
posted on
Apr 14, 2008 06:00AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Kodiak hasn't been idle, even though the snow this year slowed 'em down. They've completed and received new airborne surveys, done at 100m line spacing, and found new targets on their land package, and no, it's not near Hercules.
As Brian Maher was saying, this will be important for the general market to see that they're not just a one-trick pony, but could be sitting on a potentially very significant gold bearing structure in the greenstone belt. Tying in to that thought is the way they plan to release news this year. They plan to have news releases in cohesive groups, as it were, since last year it seems to have confused the market when there would be results from the Golden Mile, and then Marino, etc etc. These guys DO have a very well-thought out plan, there's just so darn much to explore, that it's been said if they focused only on Hercules, they could use all their drills and drill 60,000 m and STILL not know what else they have.
He then added "We don't KNOW if the Golden Mile is even our best target. We simply don't know because we haven't explored the other targets."
They are very encouraged to be sitting on this under-explored area of greenstone belt where no one even realized there could be the potential for this much gold. I think that comes down to the fact that it is granitic-hosted, and that is why we see so much regularity in the vein systems themselves: they fracture very in a very geometric fashion as opposed to other rock hosts.
The other thing I really like is the part where he mentions they are well financed enough to not have to dilute the stock AT ALL for minimum three years.
GLTAL