sflong -

It sure looks like the usual "sell on the news" scenario.

I'm not a very technically-oriented person but I think that a lot of folks may not understand that this is not the "usual" gold deposit ( I know- I have heard that before). The "reefs" that QH refers to are actually very shallow in nature. That is they are not very thick vertically (in meters) and, as a result of the method in which they were formed, they contain gold that is aggregated into these strutuctures which are spread out over a large area (as opposed to a more narrow deposit that is within a series of veins).

The good news is that these particular deposits are near the surface and I believe that QH is trying to show that the entire area he controls has a series of shallow gold deposits (reefs) just below the surface. These deposits can be mined from shallow pits for minimal cost with minimal damage to the environment (and therefore minimal rehabilitation costs).

I don't know if he may to hit a long intercept with a lot of gold because of the nature of the deposits. But I do think that he will prove up a lot of gold, over a large area, that can be recovered for a low cost. Now, if he can find reefs that contain rich aggregations of gold (he thinks this is a possibility), these easy to work deposit becomes very, very valuable.

If I have oversimplfied the situation. or if I am just plain wrong in my "analysis," I encourage anyone that is more knowlegible to help me understand the true nature of this deposit.

-panamax