Re: Goldstream (Newco)
in response to
by
posted on
Dec 28, 2011 12:48PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
"However, imagine what happens when they get the results of the 2 deep drills and they say that the deposit could be twice as deep."
Great post. PDG has only released results from infill resource expansion drilling. The recently updated PEA demonstrated the overwhelming success of this program. As part of the orignially announced and expanded 45 km drill program... Aug 30th: "Additional infill drilling will continue at Magino for several weeks [now complete and incorporated into PEA]. When completed, the drill rigs will then concentrate on exploration targets near the Magino deposit [to SW and NW] and on higher grade, deeper extensions to the Magino gold system." All of this drilling (likely ongoing but has been ongoing for many months now) has not been reported. Assays pending. They did offer some brief comment re: SW and NW targets as demonstrating potential for new discoveries but no assays have been released. Nor has there been any comment on deep drill progam or targets. They have a lot of existing 'shallow' drill data to determine where to drill to expand this resource at depth. Also remember GGR was only previously concerned with this deeper portion of the deposit. Pure speculation but... I would love to think the source of this +3M oz Au open-pit deposit is lingering somewhere just below waiting to be punctured.
As I type all of this I can't help but to have flashbacks to almost identical speculative posts re: Hercules/GM 'source at depth', 'high-grade deep drilling', etc. Eeek! LOL. That said, there is a rather huge factor that differentiates these two unforgettable times in this company's history... In the Hercules/GM days they were not buliding on a 3M oz open-pit deposit that has already demonstrated prelim economic feasibility. BIG DIFFERENCE.
A drilling update would be nice to see early in 2012.
red911