Resume of Snow White info
posted on
Dec 01, 2010 10:31PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
From the September 28th NR:
Snow White (the 88 diorite)
On Sept. 22, 2010, the company announced in Stockwatch diamond drill results for a new, previously undefined package of quartz-filled breccias referred to internally as the Snow White zone. Significant intersections from those drill holes included four metres of 1.44 g/t Au and 34 metres of 3.68 g/t Au. The zone lies 300 metres southeast of the T1 zone. Information gathered to date suggests this zone is approximately 70 metres true thickness. It is truncated at surface to the southwest but is open to the northeast. The company is currently stripping the overburden and has exposed part of the zone at surface, which may allow bulk sampling to confirm grade. Drill hole BD2010-127 intersected the 88 diorite at approximately 70 metres and continued in diorite-bearing quartz in sections to approximately 434 metres. Visible gold was present at approximately 390 metres or 320 metres vertical depth. These results are extremely encouraging and suggest that the Snow White zone tonnage potential may rival that of the T1 zone. Eleven diamond drill holes have already been spotted to further test the Snow White (88 diorite) and are currently a priority of the diamond drill campaign.
The 2 drill holes referred to are 116 and 117. Hole 116 also had a 7m section grading 0.78g/t and 4 other 2m sections grading about 0.35g/t Hole 117, had 34m at 3.68g/t but also 6m of 0.88 and others sections totalling 8m grading about 0.9g/t.
Then, they drilled another 16 holes in the SW area. Two of those holes were barren, # 122&123. These were collard at the same location according to the map but probably at different angles. These holes are the basis for their comment about SW being truncated at surface to the southwest. So in all they drilled 18 holes in the area of which 16 actually hit Quartz/Diorite. Out of these 16 holes, we hit VG at 10 locations. I believe it is 10 different holes but it could be 9 with one hole having 2 VGs in it. Assuming they are in 10 different holes, that gives us a VG hit ratio of 62.5%!! This is higher than any other section we have drilled. It is also the area with the biggest foot print at surface and the one that has given us our longest intercept of quartz diorite.
Now, assuming that all this ore was produced by the same geological event where T1/2 and SW have the same origine, one of hydraulic fracturing, and by how close they are I cannot believe they do not share the same origine, I believe we have a very serious ore deposit. We do not have assays back from these other 14 holes yet but we have enough holes here to tell a great story. If these assays come back with decent numbers, we are in for a treat that will make these last few weeks worth the aggravation.
Let's be patient guys and girls, we have lots of great reasons to be very hopeful!
Glorieux