Re: Just a thought on the "short" intercepts
in response to
by
posted on
Jan 21, 2011 09:29AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
What that means is that the assays reported yesterday have been sent back for a more exact testing procedure which costs about 3 times the price of Fire Assays.
This is probably the best example to show how the drilling underestimates this type of deposit. Go check out "Agnico-Eagle Goldex Mine" which is a similar type structure.
1.69 drilling grade
2.91 bulk sampling grade
Actual grade proven through mining the deposit is more like 5g/t and it only starts at 500 meters below surface. That's why I mentioned that these large cracks can start well below the surface, although GNH starts at surface and goes way way down........? The other thing to mention is that the AE-Goldex Mine is the most profitable mine currently in operation in Quebec.
Skier