Re: Prospecting Results from the Beardmore-Geraldton Gold Camp
in response to
by
AGORACOM
posted on
Mar 12, 2009 05:26AM
Focused on becoming a near-term Gold Producer
More good news. They have been busy prospecting, that's for sure. According to KXL board the area received some significant snow recently (40cm). I wonder what effect that has had on stripping and trenching program at Golden Extension?
Paint Lake looks like it was a very smart block of claims to pick up. Doesn't sound like SGX will be drilling there this year though, which is probably a good thing. Ontex will be drilling relatively close to SGX Paint Lake western boundary on their Foxear zone, the Eastern side of Brookbank deposit.
Seems more work to be done with Soloman Pillars but Onaman, Headway zone sounds very promising, especially given these results are just 250m from Lynx zone (NI 43-101 in progress).
Would seem to me next possible 'big' release would obviously be Onaman, Lynx NI 43-101 resource number (Gold-Silver-Copper resource). Supposed to be received this month. Hopefully it will be released and hopefully it will surprise the market.
They did spend alot of money and time drilling Lynx zones last year,
they did intersect some very good grades and widths,
they did establish Lynx zones were connected (this is huge IMO),
and they did believe drill results/internal calculations were sufficient to warrant completion of NI 43-101.
We never did get anyone here to calculate an estimate. I would love to know how to do it but honestly have no idea where to start. Reviewing all the previous Onaman NRs (back to 2006) does reveal some pretty fantastic drill results and a lot of them. Lynx zones are now joined (I think this was likely the last deciding factor re: completing NI 43-101).
All we can do is hope.
red911