Re: Some Questions
in response to
by
posted on
Feb 07, 2008 03:47PM
Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.
You are wise to remind everyone that the deposit is NOT a cylindrical tube sticking straight down into the earth. If the deposit plunges in any direction it would be a shame to scare the investors by poking through the tail end and finding no sulphides ro for that matter barren shale. I think that is one of "Tex's" fears. So I suspect that they have or are doing the ground IP and Mag. Given the relatively easy terrain they are working with they could do UTEM with a long cable to get a deep profile of the deposit relatively cheaply. A Mag survey would even be less.
If I was trying to mitigate my risk without additional geophysics I?d set up in the center of the deposit and drill at about -50 WSW towards the intersection of the intrusive plug and fault. That way I know I would start in oxide mineralization, I know there are some sulphides to the SW at depth and I know I can explain stopping when I hit either subsurface feature to end the hole. As Jrichm99, Geoinvestor and others have stated the guys on the ground must have a better picture of what is going on to be poking deep blind holes. They probably are using the RCs to drill off the perimeter of the deposit but they can't go further than the water table before they clog so everything will be diamond drilled eventually. The -50 orientation of the drill is a safety blanket so you hit something on the way to the unknown. Once they have the surface geometry figured out they will go to vertical or orient perpendicular to the plunge of the deposit if there is one.Lots and lots of unknowns but we know way more then I would expect at this stage of the project.