TODAY'S DISCOVERY, TOMORROW'S FUTURE

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

Free
Message: Re: Message for explorationguy
2
Nov 11, 2009 08:11AM
1
Nov 11, 2009 03:53PM
3
Nov 11, 2009 08:22PM

Nov 11, 2009 09:07PM
1
tau
Nov 11, 2009 09:37PM

Re: Message for explorationguy

posted on Nov 12, 2009 09:56AM

Let me put this a different way - I read somewhere that in Nevada all the new gold in the last 10 years is from areas previously classified under condemnation drilling i.e. holes that were never reported in NRs. I suspect this is one of those "miners stories" with a grain of truth.

Why would this be necessarily a "miner's story" or an "old wive's tale". With the price of gold where it is now and extraction methods improved, it would seem very plausible that a hole drilled 10-30 years ago and written off because the grade seemed uneconmical at the time become a dream in todays world.

I mentioned a company earlier (cough ... NSM) that drilled several holes but did not report them because it was below their cut off grade .... Then OSK came along and competely canged their thinking. They realised maybe it's not so bad afterall and the results were reported several years later.

I would suggest that you are both right ... not all results will be published in a news release, but IF ever a 43-101 report is created, then all drill holes are reported.

Can we stop now?

5
Nov 12, 2009 10:05AM
3
Nov 12, 2009 01:42PM
Share
New Message
Please login to post a reply