Timmins & Beardmore - Northern Ontario

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Message: Paint Lake...

Paint Lake...

posted on Sep 11, 2009 01:54PM

"The drilling at Paint Lake is going well. We plan on 4500-5000 metres and have presently drilled 1600 metres totaling 9 holes. There will be some deep drilling of 500 metres holes (approx 5-6) on Paint Lake upcoming."...

SGX drilling just 100's of meters (maybe closer?) from what will soon likely be the more than 1 million oz Brookbank deposit. First 9 holes would seem to be shallow... but that makes sense given property never drilled by SGX before. Brookbank grades get higher at depth... see last ONT-t Brookbank results NR...

"The highlight of the diamond drilling was hole B-09-10 which averaged 21.1 grams gold per tonne over 10.6 metres of core within the main mineralized zone at a vertical depth of about 500 metres below surface."

SGX 500m holes would therefore make a lot of sense... Encouraged they have announced this here as do you think they would continue to drill 5-6 500m holes if the shallow holes did not find what they were looking for?... I hope not LOL. What if SGX discovers a new Brookbank zone at Paint Lake?... Ontex also drilling Foxear zone of Brookbank just a stone's throw away.

red911

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