Re: BNN Link that works
in response to
by
posted on
Nov 11, 2010 01:58PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Well, great clip in my opinion and lots of information there.
Kudos to Scott aka 'Yukon Cornelius' for getting his carefully drafted question on the air.
Nice to hear him makes those comments and he reiterated EXACTLY what I would expect him to in regards to the recent 43-101.
He acknowledged that the recent 43-101 serves as independent technical people coming on board saying that this has the potential for a 20km strike that could exist.
There is a resource developing in the T1 and T2 zones, and that this is a huge piece of land to explore and possibly as big as Osisko.
This first technical report is a validiation of the thesis of this 20km belt. He goes on to say that subsequent reports will create and expand on the existing resource (T1 and T2)...and then he actually comments that the pace to build this out over the last 10 years been quick by industry standards. (which contradicts an earlier statement when he said it will take quite some time)
He also comments that it is 20km, and that the drills will be turning continously for GNH
He says the market hasn't seen the 100m of 2or 3 or 4 g/t so the market doesn't believe in the 20km theory yet. And it may only be 10 or 12 but it's still a lot of gold.
In mining friendly Quebec, is his parting words.
So....all in all...pretty much my understanding of where we are at exactly.
The market does not believe in it yet, and I can't say I blame it! That's what is called an 'opportunity' and the risk you take in investing in something unknown should translate into a reward if you prove you have made good decisions.
Best way to make good decisions is by quality DD.
IMO, it's all right there. James West sees it that way too. Anyone and everyone can be wrong and sometimes it doesn't matter even if you're right...the SP may not reflect it.
Anyways, nice to hear from a guy makes his living in this space confirm everythign we discuss here on a regular basis and a pleasant surprise to see that GNH got some air time at all!
Good awareness, as always.
Assay results trump promotion. And the assays pending are from 'exploration', so a reminder that any gold is great gold as it will expand our zone...and because we are drilling perpindicular to the apparent flow of mineralization I wouldn't expect the long intercepts either. I'd personally like to see lots of smaller intercepts and the higher the grade the better.
Understanding the project may provide for opportunity as you will be ahead of the market.
Who knows, maybe one day many will be longing for the days when GNH was the best kept secret in gold exploration in Quebec? Maybe, maybe not...the fun part is in making that call.
And one last comment about whether this is a mineable deposit again. Ok, I'm no expert but check out the Goldex deposit in Quebec operated by Agnico-Eagle. Underground stopes...and one of the lowest cost mines in the world.
Not spell checking...sorry...
B