Re: Regarding KXL & SGX and the GM.
in response to
by
posted on
Mar 05, 2009 05:01AM
Focused on becoming a near-term Gold Producer
"Has there been any comment by either of the two companies or any forum members regarding the two different structures of their respective discoveries."
Not that I am aware of Jerry, other than as you say linear versus criss-cross...
"Sage continues to strip and sample multiple gold-bearing vein structures, which are both parallel and crosscutting the original discovery of vein 1."
Regarding the official 'connection' of these two discoveries, or at least the fact that the GM does likely spill onto SGX property (if two discoveries are 2 different, likely overlaping, systems IMO)... we have yet to hear anything from either company re: the 'border vein', officially announced on Nov. 7th (so likely actually discovered it sometime in Oct. IMO)...
"The vein carries pyrite and chalcopyrite and is located at the Sage-Kodiak property boundary and along the projected northwestern extension of the Golden Mile."
This NR also states: "carries pyrite and chalcopyrite" (just like gold-bearing veins discovered thus far) and "channel sampling is under way". BUT we have heard nothing else about it. No channel results, no mention of VG, nothing about the 'border vein'. Why? No idea. We are still just getting channels from originally discovered 7 veins. No results from 'border vein' or any of the new veins that sparked such excitement. Yet. I believe 'there is more going on up there then we will ever know', at least for now. Why? Again, no idea but it does seem awfully suspicious SGX and KXL continue to trade almost religiously at the 10-1 ratio. This has been going on for almost too long for there not to be something going on or being discussed behind the scenes IMO.
Just speculating.
red911