Re: What's left for GNH?
in response to
by
posted on
Dec 09, 2010 09:37PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Yo Sauce,
Open this map in a new window so you can flip back and forth from this page. Do this now.
http://goldenhopemines.com/_resources/maps/Bellchasse_Timmins_drill_update_nov_30_2010_map.pdf
Okay, see it?
Let's start here. The entirety of this map represents a piece of land that GNH actually OWNS , which is why they are drilling here. It's like a pilot project for the rest of their claims, for which this map represents less than 5% of this particular stretch of claims.
The blue stuff represents where they have found the kind of rock they are looking for. It's quartz with diorite, which is where they believe the gold will be found. (The theory is that hot liquid quartz containing gold was injected into the very hard diorite)
The blue is revealed as they drill. As you can probably see, there tends to be a lot of blue added to the map just as soon as they drill there.
This does NOT mean there is gold in this rock. We need assays to tell us this.
However, each of the 'stars' you see represents where GNH has found visible gold. Visible gold is quite rare, but not the case here. So...we actually DO know there IS going to be some gold in our assays, but let's hope there is going to be more than what we can see. ;)
To give you an idea of the physical size of area, each 'grid' represents the approximate length of a football field.
Now...not everybody is going to want to do this, but....if you care to take the time I suggest you play a fun game I like to call, 'find the drill holes'. I know, people get lazy (I'm the same way) and would rather have it spelled out, but seriously...every GNH owner should try this even if it just for sport.
Start by finding hole #93 and look for each and every hole all the way up until #119. These are all of the holes we have assays for.
As it turns out, hole #117 was the one that gave back the best results (34m @ 3.68g/t) and it's also the only one that was drilled in this 88 Zone.
Now count every hole up to #148. Those are the holes we are waiting to get assays from.
The assays are not out yet and although there is wild speculation as to the reasons for these delays, my opinion is that there are 3 reasons. 1. Tilsley has asked for a special type of assay which takes longer, 2. Some of these are resubmitted depending on their values and 3. Tilsley is not going to release any assays until he makes heads or tails of them, shareholders be damned.
They also started a bulk sampling program which will grab from some parts of the blue sections on this map.
There is a blue sky theory that this kind of mineralization goes the entire 20km stretch of claims, and they have found a bit of gold on one end of the claims (Beland) and they are presently drilling at the other end of claims (Lavals).
There has been a 43-101 Technical Report completed in 2010.
We just got a listing on this new US Exchange today.
GNH has money, but will eventually need more. Exactly when will be determined by how fast they spend their cash on hand. They can get the money. How much and at what cost is the question.
That's it.
That's a basic version of how I see it and I can only hope that I appropriately posted enough disinformation to be in-line the source that has provided it for you....an on-line chat forum. :)