kxl
posted on
Oct 13, 2007 09:26AM
Focused on becoming a near-term Gold Producer
This is a post form coach at kxl very interesting read.
got back home late this evening from the Hercules Property. We landed in a snowstorm at Geraldton, and then hopped in a truck with the project geo to spend the day swinging rock hammers at outcrops. I plan to write a full trip report tomorrow but I am too dozy to concentrate right now. I hate to leave that sort of thing for a Friday, so I will just post a couple of notes:
The system is massive, with several nested veins including two that run for about 2 kms so far and remain open lateraly and to depth. They have issues with swamps and lakes that interupt the stripping of the veins so they have to wait for winter, but they have identified drill targets up the yin-yang from the surface sampling so far. I walked the length of one of the more productive veins and saw that the sampling was done in a straight line across the vein, in 20m intervals. So it was not a question of just high grade sampling that was reported.
The visible gold in this system is the best I have ever seen. I brought home 4 samples and I look forward to the next Toronto goldbugs meeting to show them around. Absolutely off the charts! There were so many gold spots just along the surface of the veins I lost count, and some were about the size of my thumbnail. I did not want to take home the samples from the vein that were exposed, so I spent about half an hour with a geo and a prospector, breaking rock and I only took the more interesting samples, but we found VG all over the place.
There are numerous samples and 10 more drill core assays still pending, and KXL has paid a higher lab fee to get priority testing done. So I expect more news will be released very soon. I think the market is going to like it too, based on what I witnessed for myself.
I will post more tomorrow. For personal disclosure, I bought more shares this week, and have not sold a share since last winter, but I do have plans to take some profits later in this run and ride the zero cost average shares. So I do not want to overly hype this story and sell into it, but be advised I plan to take about a quarter of my shares off the table, somewhere above $2. KXL paid my airfare to the project today, but I do not receive any form of compensation for my time or for posting my reports.
cheers!