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Message: Kohai / Re: Report: "Insider's Exploration Update" - Oct 5/08

Good stuff, kohai.

Couple points - the rock are not 2 million years old. They are 2 billion years old. At a point in time only 2 million years ago, the rocks were exactly the same as they are today, except that the glaciers hadn't sheared off the tops yet. However, originally the igneous rocks hosting the GM (granite) were poured out of volcanoes 2 billion years ago.

These days, with the credit default swaps being $56 trillion, it's understandable to get one's millions, billions and trillions mixed up.

Also re: periodicity, you wrote:

"4) If you refer to page 16 of the presentation, which shows the two newly deepened prongs open at depth, if the "periodisity" holds true (that is that these prongs are at semi-regular intervals) one could imagine another prong to the north west of the lake. That is where 12 drill assays are pending. These holes show hydro thermal alteration with width increasing at depth. Even picture 14 shows very similar structure in this new extension to The Golden Mile. Brian said that arrow was about 3 metres across."

I think what you wrote is quite an understatement. The 300 m periodicity along the Mile has been proven again at the north side of the lake, and there's another roughly 4km of KXL property past the Golden Pond. There is every reason to expect a half dozen to a dozen more of the rich "prongs" we've seen - lovely veins 3m thick, 50m long along strike, and getting wider and richer with depth, drilled so far to 600m.

The contrast with the fantastic KXL situation and the utterly dire situation in the markets could hardly be more of a contrast.

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tau
Oct 06, 2008 04:24AM

tau
Oct 06, 2008 04:24AM

Oct 06, 2008 04:51AM
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