CRD 9
posted on
May 04, 2008 07:19PM
Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.
All in my opinion, please do your own DD. Not investment advice.
My 2cents:
Personally I would describe this deposit as more of a jewelry box then a diatreme. That said the only diatremes that I have any experience with are of the kimberlite variety and I have no formal geological education so I very well may be over simplefying it.
Hole CRD 9 was a true eye opener. In itself it doesn't prove much but the blue sky it opens us up to is simply incredible. If you pull up the cross section on line 4250:
http://www.canplats.com/s/Image.asp?...
Take a look at CRD 4. CRD 4 was drilled 2,675,800N as was CRD 9. Both holes were drilled north at 60 degrees. The difference being that they were drilled 350m away from each other.
CRD 4
from326m | to552m | 226m | 0.61au | 5.62ag | 0.04 | 0.24 |
CRD 9
from491.00m | to724.00m | 233.00m | 1.18au | 6.11ag | 0.06 | 0.33 |
What I'm getting at is that at this point, we have no reason to believe that the same structure east of the fault has not continued on west. Now obviously more drilling needs to be done on line 3900 in order to get a better idea of the width and depth of the structure here and of course holes will have to be drilled on line 4000 and 4100 to determine whether this truly is an extension and not a new deposit.
But for the time being, given the similiarities between CRD 4 and CRD 9, the odds have to favour us having just added 250m to our deposit for 800m of strike to date. Best part being that grades have gotten significantly better as we move west and that the ip work points that this may be at the 250m mark of an ultimate 1000m extension.
Just for dreams sake if we prove up 1500m of strike by 300m width and 600m depth we get 729million tonnes. At 1gram au per tonne that's 23million ounces of gold. Are we there yet? No, not even close. But make no mistake about it, if hole crd 9 proves the deposit has extended 250m to a total strike of 800m proved to date, and the ip work, which has been proven to be spot on, says we've got another 700m plus to go west, the 23million ounces may not be a certainty, but it is possible and getting more probable.
With the four drills turning and quick turn around at the labs that we've been seeing, I expect we continue to see news every 5 to 10 days. If things go right this is going to be a lot of fun!
GLTA,
Buck