What More Might We Soon (2009) Expect From Clan Lake?
in response to
by
posted on
Apr 17, 2009 01:38PM
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Isaiah, On the day of Tyhee’s 12 March news release I asked Dr. Webb about those historic Clan Lake cores, " Dave, I counted 12 holes today. How many, more or less, do you plan on assaying this year? And, in the historical non-NI 43-101 resource (gold approx. 640K oz.) what did the silver resource add up to?" He said (I paraphrase), There were 14 drill holes reported. At the bottom of the table, 2 holes were reported to have not intersected significant results. There are up to 10,000 meters of archival cores, some of which are unusable. We assess the cores that are intact and complete, are well stored and located in the field, and relevant to our work. We will likely assay about half of the total. "How many archival meters, of the approx. historic core 10K total, have already been assayed by Tyhee (re-sampled)? And, to be clear, are you intending to assay appox. 5K more Clan Lake meters in 2009?" Dave said (paraphrased), I believe we will assay around 5,000 m of the 10,000 m database, however this will ultimately be decided by our QP, Val Pratico. He alone takes responsibility for deciding if the cores are good enough (complete, correctly numbered, properly located etc.) to work with. We have assayed and reported about 2,500 m, and have about that much (+/-) to go in my estimation. Val may add or subtract from that total. Baires
Silver was not reported in the historic results so we have no idea how much is here. Our values are significant and can contribute to the resource but in dollar terms pale beside the gold values. To put it in perspective, the best silver values came in around 26 gpt or about $12 or so in value, with a gold assay of 8 gpt which today would be worth somewhere around $200.
As a follow-up, I asked,
All of the remaining cores that we are currently focused on are from the Pond Zone. Interestingly, this is a zone that I discovered in 1994 while drilling for a different group. I wasn't aware of how big this zone might be at the time, as the drill holes that I was responsible for, that hit some good gold values, wasn't followed up until 1997 by a different geologist. It was the 1997 drilling that expanded the zone to make it a more viable target today. When I went back to my notes a few years back and saw I had described the mineralized breccias in my 1994 drill holes but never assayed them in their entirety.