Jennings Coverage
posted on
Oct 19, 2011 08:09PM
The report was a great read and contained some interesting points as noted below;
The author comments on the exceptional potential and an upside that could be significant,
The Borden Lake map shows the grid that was established over the northern AEM anomalies earlier this year, very impressive grid
Updated resource by Jan. 2012; we estimate that total resource could increase by 1 to 2 million oz [BLH] with 50% of the current inferred resource upgraded to the Measured and Indicated category.
Fold hinge areas are excellent places to search for mineralization for 2 important reasons; 1, mineralized zones tend to be thickened and 2, the folding process can remobilize and concentrate mineralization. Based on the IP data the hinge zone could have widths of about 300 m. Drilling has been underway on the fold hinge for about 3 weeks and analytical results from this area could be available by mid November. An earlied NR noted that parallel anomalies could be present on the fold hinge.
"We are very encouraged by the confluence of geology, structure and geophysics and believe this to be one of the best untested geological targets we have ever seen". What a statement. This statement along with several others in the report were highlighted and imo points to the substantial potential Jennings sees at Borden.
The company intends to add two and prehaps three more drills [depending on availability] before the end of the year.
Jennings has assigned a resource value of $100/ounce
Its been a good week, Dave's interview with the Miner, the Kieser rating and now Jennings coverage. Hanging on for the ride.
mh