TODAY'S DISCOVERY, TOMORROW'S FUTURE
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Message: Sunday thoughts...
Well Sunday afternoon and Out of shear boredom was going over some of the old news releases..Might as well..no news ones to look at ..but irregardless was looking at some of the old drilling results and we have some pretty hot holes..between surface and 100 meters deep.
That is definitely open pit stuff ..but there is not enough continuous stuff to support a mining operation at this time..
but there is stuff like this...
Nov 29, 2007:
Kodiak Drills High Grade Gold Over Minable Widths in Multiple Drill Holes Including 3.6m Grading 358.56 gpt (10.46 opt) / 2.9m Grading 45.25 gpt (1.32 opt) Gold / 4.1m Grading 20.77 gpt (0.61 opt) Gold
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Kodiak Drills High Grade Gold Over Minable Widths in Multiple Drill Holes Including 3.6m Grading 358.56 gpt (10.46 opt) / 2.9m Grading 45.25 gpt (1.32 opt) Gold / 4.1m Grading 20.77 gpt (0.61 opt) Gold
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Three point 6 meters is over 10 feet thick..and I believe it is 60 meters down..
10.46 ounces of gold is worth at
| Gold Aug 12 | 1,619.70 | +2.60 |
1619.69995117188
|
$16,942.06 a ton...
Ex guy...
If we proceed with a mine and mill at WAWA will we be coming back to mine the hot spots in Geraldton..??Or will we be using those hotspots as a hook to sell the property..with a 3-5% net smelter clause ..which I feel would be much better because the Royalty comes right off the top FOREVER...and it may also be the way to go at WAWa..
Any thoughts./
Royalty on gold mines come right off the top before anyone..and are for ever..
Could sell the property for a big piss pot full of paper and hold a big royalty on it..
That would be better than mining it our self..That way we could get rid of all the dead wood hanging on for the options and free beer.
Portee
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