Borden 43 101
posted on
Jun 10, 2011 10:41AM
Looking at the cross section one could very very roughly estimate from the known stuctural size and avg grade a robust resource in the making.
Known assayed:
1200+M x 150 M width... X 150+ M depth x 3.2 spg x 1 gm/t / 32.152 = 2.7 Million oz
Now if the grade increases at depth and continues to 250 M and the grade is similar on the extension holes as stated in the last NR to 1600M strike length
Lets use a lower portion grade increase to 2 gms / tone avg......
Potential would thus be :
upper portion extended to 1600M
1600 M x 150 x 150 3.2 x 1 / 32.152 = 3.6 Million oz
Lower extension additional 100M
1600 x 150 x 100 x 3.2 x 2 gm/t = 4.7 million oz
Thus from the know deposit and simply proving grade improvment at depth and proving an additional 100 M in depth the contained gold increases to about 8 MM oz
One can easily see that there is no need to go beyond the existing known deposit to have a world class resoure at Borden.... the key being... does the grade increase at depth... and is the deposit uniform at depth and along strike.... " is the width consistant"
This is a very telling cross section and implies just what I mention here.
No wonder Dave is excited about Borden.
"Drill baby drill".... maybe we should hire Shara Palin as our cheerleader... We can probably see Alsaka from there!
I'm looking forward to the balance of assays from the holes drilled and first resource calc.... I predict a massive gap up if PRB stays in this price range through the summer.... " Hold um tight"
JMHO
From NR:
The second phase program has now drilled over 14,000 metres in 62 holes (BL10-09 to BL11-70) and to date has tested approximately 1.6 kilometres of strike length along the zone, which remains open in all directions. Drilling will continue testing the strike and depth extents of the gold zone until the full limits of the mineralized horizon have been tested. Core samples have been submitted for holes BL11-37 to BL11-66, and assay results will be released as they are received.