Re: Bill Ferrera's presentation
in response to
by
posted on
Dec 11, 2008 03:56PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Thanks MB, I agree, Bill certainly seemed very pleased with his new geological model and the uncovering of the hinge zone model.
I know finding the core pencil is not a certainty, however with the grades and widths they have drilled in the hinge, (see release below) they at least can make good money mining the 16 and 38 type veins while try to fiqure out the path to the pencil. Bill basically inticated the pencil should be in the center of the system where there was the least stress.
I'm still intrigued by his comment on the core with VG in Pyrite they pulled from around 6000 feet at level 4730. Anyone have any thoughts on this?
http://sangoldcorp.com/assets/files/...
Many intersections over 2oz/ton and one (GS-08-76) at 4.14oz over 6.6 feet !
With Gold over $1,000 /oz (Cdn$) and SGR having enough cash to carry them till production ramps up, I feeling pretty good about this investment.
Knowing that Hugh nor Dale have ever sold a single share, even when we went over $2.00 twice, speaks volumes to me.
Just wished they had hired Ian to run the mining operation about a year sooner.
cheers to the longs !