Re: Drill Holes
in response to
by
posted on
Apr 15, 2008 03:27PM
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1) Even if they do have a few bad holes, this is no different than any junior that is delineating a deposit. I think it's too early in the game to despair. We don't know that this is the case. It wouldn't be the first junior to return some dismal drill results on a great deposit.
2) Tyhee doesn't have a history or a pattern of releasing one hole at a time. I agree that they might, if they had an incredible hole (i.e. Noront), release it on its own. But that's not what they usually do. So they could be okay drill holes.
3) Baire's post indicates (and it is quite logical) that there may be a host of reasons why they time the movement of their drills -It's easier to move them while the ground is frozen, and if the route to Clan Lake is bad, and if that's not where their base is, it makes sense to drill while the commute is good. Big Sky and Ormsby/Discovery can be worked on when the road turns to mush. I like the fact that they seem serious about getting a Clan Lake 43-101 resource done. We know from historical results that there is gold there, and it may be quicker bringing a good resource out if historic holes can be twinned and confirmed. It is my understanding that they won't have to re-drill the entire deposit from scratch-just prove that the historic drills are reasonably accurate, and then infill drill depending on the category of resource (inferred, indicated, measured).
4) This might be a good question to ask Dave -to what extent does the historic deposit at Clan Lake have to be drilled to bring it into NI 43-101 compliance?
On the whole, I see no reason to get worked up.
MR