Road Trip
posted on
Jul 22, 2008 09:58AM
Intersected 23 metres of Black Coal - Border property 50km north of the town of Hudson Bay, SK
I've added a bunch of pictures in the photo section of the board (menu on the left) from a road trip I took out to the property this past Saturday. So aside from seeing millions of Moose Flies, two moose, way to many deer (mainly in my head lights), one skunk (sprinting across the road in front of me) and a family of grouse here is what I found out.
1. For an exploration project access to the property is excellent. Higway 9 out of Hudson Bay is a gravel road but it is better maintained then most paved roads. The access travel down the property from '9' is about 3km long and could easily been improved to a all weather gravel road (lots of gravel everywhere around there).
2. The project is now a helicopter supported program with one drill. I suspect that between the drill, construction crew, geologists and support staff in Hudson bay I suspect they have about 15 people on the project. The crews either fly or drive in from Hudson Bay. Take a look at the swamps in the photos and you will see why they have switched to helicopters.
3. [Conjecture] It looks like the initial drill hole locations where picked on a combination of geology and old logging trails. On a winter project these would have been easily navigated. In the summer the ones I saw (and I waste deep in mud on several) would be easy to traverse. At the same time, the topography was higher to the west and north so the trails are probably better but I never got there.
4. [Conjecture] The location of 08-02 (to me) indicates a greater focus on geology and geophysics then the 08-01 and 08-04. I think they anticipated plunking a bunch of holes and coming out with several billion tonnes of coal. So let go for 'easy access sites". 08-01 and 08-04 made them rethink that approach with two duds.
5. Paleogeolgy -- Their statement that the rock shallow in the area of 08-01 and 08-04 makes a sense on one side and not on the other. marine rocks are usually realatively flat since they are deposited by sediments out of water. That doesn't negate that they can be deposited on a sloped sea bed, or moved around due to geological activity (faulting, folding, subsiding etc). I don't think they have had time to think about it but I wouldn't be suprised to see them come in and do a sesmic or someother survey to map out the bedrock topography.
6. I like the project. I think GXS got cocky and planned on having this wrapped up and presented with a big Bow in a couple of months. Me and I suspect many other investors were quite happy with that prospect. Now it looks like most projects. They have some really good results and some really bad ones and they need to do the grunt work to figure it out. So hopefully they do some more ground work and figure this puppy out.
7. One long coal intercept and I suspect all will be forgiven. I'm hanging in to see what happens.
I'm going to be away for the next month and will only have very intermittent access. GTLA and I'll see you in a month or so.