N-1 Vein found from geophysics
posted on
Dec 14, 2012 07:20PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Below is an old post of mine from Mar 2011 showing how the Quantec Geophysics is accurate! I would also like to mention that the rich vein found here can possibly be easily strip mined very cheaply, anyone with a backhoe knows it doesn,t take very long to dig a 9 ft hole like is portrayed in the news release below, let alone an excavator of any size. With a gold grade like that in that vein near surface, a trench following the length of it could result in some serious cash pretty quickly by surface mining it. Another thing, it says coarse gold, this stuff can be easily crushed and milled on site without going through a chemical seperation process. Please read all of the post carefully. Thank you
http://steliasmines.com/newsrelease/st-elias-mines-ltd-new-gold-bearing-vein-at-tesoro-returns-assay-results-of-2-51-ozt-gold/
N-1 vein
I would like to comment on the excerpt from this NR of last July. This N-1 vein was found due to the initial 9 lines done by Quantec in the first Titan Survey. To be able to take the info from that first Titan, go out in the feild and find 2.5 ozs of gold, should prove the accuracy of the Titan Images. This was a test of the Titan by SLI geologists, and it looks like it got amazing results. To dig down 9 ft, hit the top of a vein and extract 2.5 ozs of gold, is pretty precise, IMO. The second Titan consists of 18 lines, and as I said before, I know I could go to those surface signatures on the property and find new gold.
EXCERPT
Prospectors engaged to follow up geophysical anomalies from the recent Stage 1 Titan 24 geophysical
survey have discovered a new gold-bearing vein (the “N-1 Vein”) near the northeastern area of the
Property. The N-1 Vein strikes 330 degrees and dips 75 degrees to the east. Although mainly covered by
overburden, the N-1 Vein has been traced for a strike length of 220 meters and is open to the north and
south. A sample taken from a 3-meter-deep pit returned assay results of 2.51 oz/t gold across 0.3 meters.
Approximately 20% of the gold assay is due to the presence of coarse gold. John Brophy, P.Geo., a
qualified person, confirms the width and extent of the vein. Trenching and additional sampling of this
area are planned for the future.
FROM THAT SAME NEWS RELEASE; notice where Lori mentions disseminated gold? I thought I saw someone post a few days ago here that we had no disseminated gold.
Lori McClenahan, President and CEO, stated
"Another excellent development at Tesoro. There is so
much going on with this property – high grade veins, bonanza pods, disseminated gold zones on surface,
deep drill targets, shallow drill targets. We are very fortunate to have the opportunity to explore this
exciting property."
MY WORDSExciting indeed, Lori! IMO