Gold Properties
in response to
by
posted on
Dec 28, 2007 04:17PM
Gold and Base Metal Projects (Ontario and New Brunswick)
mongoldia,
I don't believe that we'll see any substantial exploration on the Jake Lee property, at least until the spring. As far as I know, no work has been performed on the property since they acquired it last spring. SLAM has the results of a few historical boulder and geochemical samples. Mind you, these past results have been quite impressive with boulder assays up to 10 ozs. gold per tonne. Anyway, at this time of year "exploration work" is essentially limited to geophysics and drilling. I'm not sure if a grid exists on the property which would be needed to perform any geophysical survey.
As far as the Fort Hope properties (my old stompin' grounds with Noramco/Breakwater) are concerned, we could very well see some drilling up there over the next few months. In an email from Bob Smylie back in the fall, he stated that Mike Taylor had been into the area doing some preliminary work in preparation for any exploration, and I suspect we might see some drilling on Opikeigan which had been mentioned previously in a Bard Ventures (cbs) press release. Bard holds 50% of the Opikeigan property. Drilling these properties during the winter months is far more easier (with frozen ground) than any other time of year; however is more costlier than say Nash Creek, due to the location of the property and helicopter mobilization of the drills required. With gold at current levels and past assays up to an ounce of gold per tonne, it would make sense to "poke a few holes" in Opikeigan.
Undoubtedly, SLAM's focus will be on advancing the Nash Creek deposit to the prefeasibility stage; however as sxl shareholders are aware, SLAM is more than a "one trick pony" with several projects with great upside - among them, the Jake Lee and Fort Hope gold projects.
Anyway, I hope this helps. That's it, my first post here. Have a great weekend everyone!