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Message: Dave Webb on the 100 g/t grab samples

Dave Webb on the 100 g/t grab samples

posted on Apr 15, 2009 06:19PM

I posted this earlier under another heading but it struck me that some might miss its importance if I did not draw attention to it, so I changed the header and reposted. Trusting this is ok with everyone and Agoracom. Isaiah

Here is the very prompt, very encouraging and paraphrased reply from Dave Webb. I had asked him about the grab samples on Clan Lake. Please refer to my previous message for the exact question.

Dave says he is pleased with the Pond Zone numbers (reported today).

He reports that Tyhee has taken close to one hundred grab samples of the Cranberry, Morel, Iceberg, and Cub Zones to the northeast of the Main Zone. The values of the zones tend to range between 1 and 10 gpt with some higher. The highest values came from 2 or 3 samples from the Cub Zone at the extreme NE end of our defined gold trend. These are the most unusual samples but they occur within rocks that fall within that 1 to 10 gpt range. Overall there appears to be limited continuity with the extremely high-grade samples, but a pattern exists with these samples that requires further work to define. So his short answer is there are assays greater than 100 gpt (2 or 3 samples), and the extremely high-grade values come from isolated domains that are not continuous, but there appears to be a number of them. Lots more work is required.

Dave intends to follow-up on these samples.

He says that increasing the resource at Clan Lake could require a quick resource revision, which would likely take only a few hours and would cost less than $5,000. He believes this is a very useful thing to do. On the other hand, preparing an NI 43-101 report on this revision would take several days and cost more money. Whether the NI 43-101 is a good idea or not depends on what the results of the more informal resource revision are.

Thanks Dave!

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