New Properties..
posted on
Feb 04, 2010 10:59AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Gold deposits are formed in solution and follow veins and pool up in other areas..
It appears that the gold bearing veins in the golden mile are thin and although numerous ,and will eventually end up with a given resourse estimate..
It is my belief only (NO jumping on me for expressing my thoughts please..)that Brian already suspects that the Geraldton area contains gold but is spread in thin veins over a large area..and although there are areas with concentration of gold bearing ore that is very rich..we haven't hit it yet and hunting may be better in the Timmins and other areas that have different gold structures with more concentrated gold bearing ore bodies..
A porphyry-type mineralization body containing significant grades of gold is what we are looking for..and although we may drill up a bunch of holes it may be border line economical for us to mine it or sell it..
With the gold being in pools and thin veins ..the pools are the targets and we got to hit them which will involve deep drilling..read expensive here and will eventually be shaft mined ..
Open pit may be feasible and profitable ..depending how many ounces we can put together under 1000FT from surface..but it is the pot of gold at the end of the rainbow we are hunting..and it is my belief that the management already knows that the huinting is better in Val D'Ore PQ or Timmins ..Or Red Lake..and we should maybe get going there..
Just thoughts but ,as usual not negative but throwing out some more fodder for discussion.
Any comments..??
Long and Strong..KXL..
Soon down to where I first bought my first 10k shares KXL.. $o.37 ...
May have to buy another 10 K to keep them company..
Portee