The Goldex property, a major hidden asset.
posted on
Jul 25, 2008 08:39AM
I have pulled up and printed the 2006 property map of the Goldex property showing the original Probe claims that were exchanged for our 5% gold production royalty. Although it has been reported by Agnico-Eagle Mines that they are concentrating their exploration drilling to the east, this is what I see on the map.
80% of the identified gold on the 2006 map shows it to be within our NSR area. The trend of gold occurrences looks to be on a northwestly/southeasterly trend. There are two areas of gold bearing stockwork within a belt of granodiorite running the entire length of the original Probe claims.
There is already a decline in place traveling the length of the eastern gold showing area of which 60% is within Probe's NSR boundry line. Directly south of the deposit is a shaft. The shaft is about 200 metres from the gold occurrence.
The second gold area is on the northwesterly section of our NSR area continuing up to the boundry. Both gold areas extend past the eastern and western side of our NSR claims area. Both deposits look about the same in size.
I have not been on the ground nor do I live close by, but if someone were to visit a few bars close to the mine I'm sure they could learn more than we have been told yet either by the company or by Agnico as to when our gold revenue stream begins.
The last on gold is $927.10. The longer we wait for our checks the greater the amount they will be. I am convinced higher gold prices are coming. So, you could say that we have our continuing future drilling costs hedged from inflation as we await the startup of our long line of payoffs from the Goldex mine.
Do you know of another explorer who can say that?
Ever hear of Southwest Airlines? They were the only airline, to my knowledge, that hedged their future airplane gas requirements. Today, their shareholders are elalated with management's foresight as they are currently the best performing airline in regards to their share price in the US.
Go Probe!!