Re: SGX and KXL...
in response to
by
posted on
Sep 15, 2008 09:41AM
Focused on becoming a near-term Gold Producer
Don't lose focus. KXL news coming that will affect SGX... excerpts from latest KXL MD&A and NR...
Golden Mile extension:
"Initial prospecting in the area northwest of the Golden Mile has already discovered a large system of strongly mineralized quartz veining that is on strike with the Golden Mile, and could potentially more than double its strike length to over 5 kilometres. Assays are pending and advanced follow up exploration is underway."... SGX has basically recently confirmed gold extends all the way to their property, along strike, identical structures, etc... drilling will provide unquestionable proof but the gold is there...
Deep drilling:
"The Lucky Strike and Golden Mile structures appear to converge at depth, a common control to high-grade mineralization, defining an excellent deep target; deep drilling is continuing and will test this target in the near future."... this was found in Aug. 1 NR... likey this target has been tested by now... assays pending?... what effect would a high-grade deep intercept have on KXL sp?... SGX likely also affected as this would speak volumes re: massive size of this deposit... we alrwady know it's big on the surface... deep high grade intercept would confirm it's big below surface.
Solomon’s Pillars:
"including 16 holes (3349.7 m) at Solomon’s Pillars"... we have been told KXL drilling is basically on border of SGX King Solomon’s Pillars property... "assays are pending"
ITG seems to be only big seller today. By my calculations they should almost be done. Hopefully strength on Friday will return. I see gold going through $800 sooner than later... this will take gold majors with it most likely and junior explorers may get some spill-over. Good times will return.
red911