Re: We are on the right track - lots of gram-metres at Bellechasse
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Developing Bellechasse-Timmins Gold Deposit
New Discovery Resulting in a 20KM Mineralized Gold Belt
Message: Re: We are on the right track - lots of gram-metres at Bellechasse
The post on Stockhouse was interesting. Freegold ventures has a MC of almost double ours on assays that are worst then ours on average but they do have a few resource estimates done and have identified over 1M ounces of gold. However, the post is a pitch to promote their book and Freegold. If anyone has info on their grams meter, I would be curious to hear about this concept. As for Freegold, I prefer GNH and our results. We just need to be patient to have our RE out and more drill results. I am excited about the prospects of holes 183 and 184 as well as results from Champagne and Beland. All of these have potential to increase our resource considerably.
Here is the full article, look at the 3 holes they highlight and think of our latest results, I think this wil bring the comfort we need to be patient a little while longer.
We first introduced Freegold Ventures (TSX: FVL) in our post exploring for gold in Alaska Top Pick # 7 back in mid January and shortly after the company reported some nice high grade results from their Rob Project including 5 feet grading 57.1 g/t gold, which we discussed here.
On February 15, 2012 the company reported long intercept results from their flagship Golden Summit propertyincluding 1.12 g/t Au over 102.7 meters and again on Thursday (March 15, 2012) reported additional results including 0.69 g/t gold over 127 meters.
To the average investor that only thinks in terms of grams per tonne, these results might seem average at best, but it's these low grade bulk tonnage deposits that make big moves for investors.
Of course they don't grab the attention of the markets like high grade drill results do, but if investors start thinking ingram-meters instead of grams per tonne they will start to uncover some great opportunities before the rest of the market does.
Want to know more about Gram-Meters? We talk a lot about it here.
Since mid January only 4,000 meters of the planned 20,000 meter program has been completed on the Cleary Hill and Dolphin zones and we are really excited about what the company finds below the current resource estimate.
Last summer Hole GSDC - 11-06 was drilled down the center of the current resource and reported mineralization throughout the entire 452 meter hole and remains open to depth with the last 4.6 meters averaging 1.3 g/t Au.
Drill Hole GSDC-11-06 Down the Centre of the ResourceFree for 14 Days Click Here To Learn More About Freegold Ventures
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