Re: BNN Link that works
in response to
by
posted on
Nov 11, 2010 04:21PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Well, the longer the better..yes. I do not expect that to be the situation here.
In this case I would like to see intercepts that at minumum coincide with the red lines you can see forming from the bottom left of this map, to the top right.
http://goldenhopemines.com/_resources/maps/bellechasse_timmins_2010_preliminary_ddh_comp_oct_6_2010.pdf
By my eye that looks like a range of between 5 and 50m.
For a simplistic view, picture red stripes going across the page and those gold mineralized red stripes would = your intercepts. Hence I'd like to see intercepts in greater frequency.
These are my expectations. If it is very long intercepts, lets call that the bonus of all bonuses but it does not look like that is the case.
Also I'm not convinced (nor is management) that open pit mining will be required to make a future mine profitable.
Sasha has consistently referred to Goldex mine as a model that is not open pit, and yet is extremely profitable. I think our geology is similar yet more favourable than theirs because ours does start at surface.