1 a.m. pacific time and I finally tracked down the post I was looking for. A recent post by wpgmoney mentions Hugh Wynn recently purchased a model 56? drill rig that can drill down 8000 feet.
You know I love to speculate, so I would assume from the purchase of that drill they are planning a few very deep holes. Would I be excused for assuming that, and if that is correct they are probably looking for something really big. GEA's big deposit was at 7000 feet. and Goldcorp Redlake is currently mining at that depth. Could it be possible that the gold in those deposits could be somehow extended all the way to Rice Lake and if so, could you hit something that deep with a drill. Dale said 50 holes before you finally hit what you are looking for (that was at 500 feet) and then after that it is easy to fill in the resource. I would guess 50 holes drilled to 7 or 8 thousand feet would be massivley expensive and it would not be a slam dunk to hit the gold even if it was there. Could one or all of our resident experts on drilling and or mining comment on my thinking.
I read when Goldcorp took over Gea they out bid AEM before the 43-101 had even defined a resource. The statement in the GAZETTE said that it was very difficult drilling and that Goldcorp would drill and define the resource from a drill station extended out from their mine. I would assume AEM was at a huge disadvantage and Goldcorp new that.
Rookie
Does some of my speculating have merit and are any of myassumptions correct.