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Message: Oct 3rd Updated Presentation - Initial Thoughs

Oct 3rd Updated Presentation - Initial Thoughs

posted on Oct 03, 2008 06:06PM

I am at my gf's parents house right now and had to sneak away upstairs to do my first pass of the presentation just posted to the KXL website. I am going to the conf on sunday and I assume Brian will be walking everyone through this in more detail. As beaver said post you questions here so we all can get them answered by Brian come Sunday at 3 pm.

My initial thoughts and areas of interest:

1. Slide 26 - Winter drilling on Golden Mile Lake , I'd like to understand the process behind this in great detail. Does the potential 9 km strike length include what could be under the lake? Didn't Goldcorp just buy out (forget the name of the co.) that has their gold resource under water? Definately want Brian to expand on this winter drilling project.

2. Slide 29 - Pipeline, This slide really gets me excited in the sense that they are now talking resource delineation for the GM and Lucky Strike with the Northern Veins not far behind. Would like Brian to expand on this as well. What are the specific prerequisties for a target to move into more more advanced exploration. I mean there are so many targets that look promising, how do they decide which to tackle next when channel samples and grab samples are returning values in-line with historical production.

3. Maki Midas - As Cedar and Rory have alluded to, this structure could be a company maker in itself! 16.2 opt historical production is amazing.

I especially like slide 23 bullet points 3 to 5:

-- Old trenches and prospects along strike indicate a strike length of over 5 kilometres and a large tonnage potential
-- No modern drilling or exploration due to very poor access
-- VTEM and mag data indicate structures continue for ten’s of kilometres

I think a lot of questions on Sunday will be around this structure.

4. Gold Rush - this one caught me by surprise as I have not heard it mentioned on here (or may have been sleeping)

"Hosted by the same age granite as the Golden Mile, same style of mineralization, a “look alike” to the Golden Mile"

Are you kidding me? There is the potential for a Golden Mile Part 2 just a few km to the east on slide 37. I don't know if I am reading the mag data properly, but that thin pink line is the same trajectory and length as the GM. This would be simply amazing to have the same identical structure and resource potential just a few km away.

"Drilling has commenced" how many km of drilling are planned to test the structure?

Ok I am rambling now with excitement.. so I'll stop.

These are my priority questions for Sunday. I welcome anyone to add to my initial thoughts so we can all ask the most relevant and succinct questions that Brian will be able to answer given the assays from the labs are still pending.

Have a great weekend everyone!

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