TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Free
Message: FYI - Crucial Points From the NY Conference

FYI - Crucial Points From the NY Conference

posted on May 27, 2008 10:56PM

I just watched the NY conference again to see what was said and it really re-assured me that these guys have a solid game plan and are working their asses off to pull this all together.

BTW in case any of you missed this or it hadn't been mentioned. The Golden Gate is located several km's from the Golden Mile and was found almost solely using the data from the airborne survey. (that tells us their current geological model/theory is pretty much spot on).

The relevance of this is that the Golden Gate appears to be roughly 4x the size of the current golden mile on the survey (+20km long). I remember them saying the Golden Gate was around 11m wide before they had to stop stripping it due to winter snowfall. Now if the geology stays consistent to what they're expecting we're going to be in for quite the treat over the next few months.

Can you imagine how much gold a vein would have if it was conservatively 10km long and 11m wide? The numbers are mind blowing!!

Not to mention these other points I managed to write down during the presentation (slightly paraphrased but still accurate I believe):

  • Golden gate appears to be 3-4 times the size of the current golden mile (if the magnetic signature is consistent with present findings, which it has been so far).
  • Golden gate has already begun being stripped for channel sampling
  • 30 additional targets besides Hercules - each of which has 3-5km of potential vein structures
  • One example is the east leach vein which is a continuation of the leach mine vein. (the same vein which produced 900k oz @ 1oz/t). KXL bought the extension of it for $10k and 10k shares from a prospector who didn't deal with anyone in the past
  • all these deals like the leach vein have given them a "hell of an asset" (according to Brian)
  • 4 drills currently turning with a 5th being added in June.
  • Drilling is focused mostly on the center and NW portion of the golden mile(as well as other known veins like Marino) but the 5th drill is being used to explore some of the other 30 targets outside of Hercules
  • They know that exploration success is the key. They are working on get news out on a regular basis and would like to become as transparent as possible so the public is aware of what they're doing and what they're trying to achieve

Along the lines of sharing as much info with the public I would assume they have updated their golden mile diagram with most of the current drill holes. I'm sure they are putting together a lot more information as well because this NR has been a long time coming and "should" contain a LOT of information.

P.S - Here is a link to the NY Conference video for those of you that haven't seen it for whatevr reason. I highly recommend it!

http://www.kodiakexp.com/_resources/...

Cheers.
Gamblor.

Share
New Message
Please login to post a reply