Re: New Interactive Map
in response to
by
posted on
Nov 10, 2007 08:07AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Hi Sinbad!
I have to admit that I think the geophiz work is as much about marketing as it is about exploration. In theory is sounds great to be able to scan a large property area and then zero in on the interesting bits. But think about it... The veins are quartz with traces of metallic elements and some sulphides which would show up in mag imaging. However, the resolution of that program is probably dialed in to around 50m at best, so how well would the weak magnetic signature of a quartz vein show up when the average vein width is about 4m? However, being able to present a pretty picture with bright colours right in the middle of a map of the veins... Now THAT is marketing! Because 99.9% of us retail investors that look at that stuff will not have a clue what we are seeing, most people just assume that bright red bullseye is the money!
I am not a geo, and I am sure the qualified geos on the project saw some good reason to shoot that program and spend that money. I just doubt that the detail of the vein swarm came from that data. I would agree that the veins cut through some intrusives and the intrusive is going to show up a nice mag signature. Maybe the veins show up as a lower reading against the background mag image of the intrusive rock?
The bottom line is that the veins are great targets, and while I doubt that they are all mineralized as some people seem to think, I am pretty confident that at least a few more of them will be found to host very high grade gold values. And I also know from past experience that where veins intersect to depth, even when a non-mineralized vein hits a weakly mineralized vein, it often creates the right conditions for emplacement of gold that was mobilized in the system, to form a high grade deposit. So that will be where the rubber meets the road for me.
I still believe the best is yet to come...
mike