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Message: Re: Neighbour news... HIGHLAND COMMENCES 4,000 METRE DRILL PROGRAM ON RICKABY...

Nice post Red..

Our whole area is shot full of gold and we know that there is lots of gold down to the thousand meter depth but I don't know of any drilling in the area deeper..It seems that all the big gold in these types of structures is deeper down,the last posting I did on the Bruce Channel find the big gold was found at the 1450 meter level and two drills are set up to drill deep..but because the deposit is below the water in the channel they are drilling from shore out and the mineralized envelope are 1.45 kilometres in a vertical direction and horizantally, approximately 800 metres in a NE-SW direction and 450 metres in a NW-SE direction.

Two deep rigs, each capable of drilling to depths of 2.5 km have been set up on either side of the channel, one on the mainland and one on the Island.

So drilling on Golden Pond in the winter may leave us in the same boat as Gold Corp and the Bruce Channel..angle drilling and down deep..

So we are yet to prove up an econominal find that would justify that kind of expense to drill..

So without much more to go on that we have now the market is telling us our gold in the ground is worth todays market share price which is .48..fourty eight cents..

No matter how much we"MAY" have..but that will change in a hell of a hurry when we tell the market exactly how much we "DO" have..

So we wait..

Portee

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tau
Feb 01, 2010 06:32PM
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