Timmins & Beardmore - Northern Ontario

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Message: Re: LRU
LRU
3
Sep 24, 2008 06:38PM

Re: LRU

in response to by
posted on Sep 25, 2008 04:16AM

re: LRU:

Nice new clean website. w6w you have mentioned LRU will be changing its name back to Sheltered Oak...new website seems to be designed (i.e. address, graphics, etc.) to reflect this. Nice clean and modern looking website (hint hint SGX LOL).

Also Kerrs drill map here. Thick green line trending SW on this map indicated as "Jam – Bell Lake Gold Trend surface expression" in technical report. DDH K-08-20 (Kerrs 386m hole drilled to complete 'qualifying transaction' to enable LRU-SOR amalgamation) clearly labelled on this map. Also note other "08" holes 17, 18, and 19. 17 and 18 look to be deeper step-outs from 19. Details re: DDH K-08-20 from recent Kerrs technical report below.

Results from DDH K-08-20 before Kerrs formal drilling announcement? Likely. Drilling supposed to start this week... maybe already started or at least detailed plans in place by the look of drill map.

Like w6w said, watch for LRU movement. Small float and very tightly held. Also watch for EXS results on followup holes to their discovery hole drilled SE of Kerrs drill hole map above. We have already been told SGX Kerrs drilling plans have been adjusted in light of EXS discovery. IMO SGX will still drill planned holes around Bell Lake but will likely also punch a few holes near southern EXS-SGX bourdary. Remember EXS discovery hole was drillied VERY close to SGX Kerrs boundary. See longbomb map here.

Lots going on with SGX.

red911


DDH K-08-20:

"DDH K-08-20 was collared on line 7+00N and 5+75W at an azimuth of 132° with a dip of -60°. The hole was drilled to a total depth of 386 m and planned to test the up-dip extent of the GCQ zone intersected in DDH K-05-06. A thick intercalated sequence of mafic pillow flows, feldspar porphyry and ultramafic flows was intersected from 54m to 271.6 m. This sequence was followed by a highly magnetic, serpentinized, siliceous ultramafic flow sequence from 271.6 m to 350.1 m overlying a silicified mafic feldspar porphyry unit to the end of the hole at 386 m. The altered, silicified stratigraphy from 202.8m to 350.1 m suggests proximity to the GQC zone intersected in K-05-01 which is located along strike at 400m to the northeast."

"The 2008 Phase 2 extended drilling program employed the same supervision stated above. However, Salo Drilling, based in Kirkland lake was contracted to carry out the drilling, staging their operations from Timmins. HCG personnel transported the core from the Kerrs Property to a core processing facility located at the Wahgoshig First Nation, 20 km. from the project site. The drill core from hole K-08-20 was logged with no sample intervals identified until approval for the phase 3 program is granted by SOR."

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