Re: RED
posted on
Oct 13, 2008 04:53PM
Focused on becoming a near-term Gold Producer
Rod:
I totally agree.
Furthermore, more interesting quotes from Brian Maher during KXL presentation re: "over a dozen now" NW drill holes... "very broad widths of hydrothermal alteration", "very thick veins", "empirically the intensity of the system appears to be increasing in that direction." (i.e. to the NW, toward SGX "discovery"). IMO combine this with relatively 'more intense' mag signature of East Jacobus and (maybe) higher concentration of gold-bearing quartz veins (i.e. parallel vein w/ visible gold 20m from Golden Extension).
I know many (including myself) have said this before but I think the next KXL and SGX East Jacobus NRs will finally make the magnitude of this discovery clear to the market.
P.S. Market conditions improving somewhat... at least today LOL... DOW futures for tomorrow up and climbing tonight... let's hope the bottom of this roller coaster market is finally in.
red911
P.P.S. Further to my previous post re: Golden Mile alternating width along strike... According to Brian Maher in latest KXL presentation... Golden Mile alternates in width from 11m down to just 10-15 centimetres in width. The grades are what is important for SGX at this stage... the widths will be (likely have now been) uncovered and sampled. Key point is KXL is finding gold in absence of vein in wall rock. Again, at this stage the grades are important... not the widths.