Timmins & Beardmore - Northern Ontario

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Message: Just spoke with Mike

Re: Just spoke with Mike (red911)

posted on Sep 30, 2008 04:43AM

longbomb:

Thank you for this. Nice to have you back :D.

Very good point for new people here re: gold showing in last years Ni-Cu drilling (i.e. 15.15 g/t Au over 0.73 m in SJ-07-07). FYI... this Au was intersected at 390 m. This was totally unexpected but upon re-examination SGX also found traces of gold in other holes. From July 24, 2007 NR:

"This gold bearing horizon represents a new zone of mineralization that is not related to the Ni-Cu mineralization within the gabbro."

As we can see from map on slide 11 of latest presentation, now we can see why it is not suprising SGX found gold during Cu-Ni drilling as this area is in very close proximity to promising KXL Au exploration targets. I am sure SGX will likely eventually do some stripping near the Ni-Cu deposit as it would appear there are interesting (i.e. identical to KXL Au-bearing veins) mag signatures in that corner of the property as well that have not likely ever been stripped.

Like you said, we do have a lot to look forward too.

P.S. Love this new map SGX!

red911



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