Re: This figure says a lot
in response to
by
posted on
May 21, 2011 04:50PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Sorry, for some reason the figure came on double. Its quite small, so hopefully everyone can zoom in from their screen.I would like to make comments in reference to this diagram. This diagram came from a report titled;
Report on Underground Development of C-1 & A-4 veins and results of Detailed Sampling of other Auriferous Veins.
Written by ; John Brophy P. Geol.,Feb 15 2008.
Its the courtesy of HOG, thanks!
1) The C-1 mine is the cluster of coloured dots just to the left of the word Zona Canchete.The A-4 mine is the cluster of coloured dots just to the upper left of the word Zona Central. Look how small these two mined areas are in comparison to the over all size of the old Tesoro. If you use your scale at the bottom of the figure and imagine a square drawn around each mine of approx 1000m, and it extends under the surface for approx 1300m, you would be very close to 2 deposits the size of Exeters that contains over 20 million ounces of gold. Exeters grade is low, around 1-2 g/t, our grades are much higher proven from the bulk samples taken from both mines, close to an ounce per ton. Thats at least 5 times the amount of gold in Exeters deposit in just one of our mines. I say only 5 times better, when my math would suggest 10 times better or more, because I want to be conservative.
2)By looking at the figure, you can see that we have near surface gold scattered out over the property. Keep in mind also, that this figure is from 2008, there has been more sampling done since then of which some is yet to be reported. When you look at the right side of the property, you might say the grades are not impressive. But, that assumption could be very wrong. The left side will look better because we have more samples from there and have gone deep, the right side has little exploration on it yet, which will be increased by the trenching/drilling. Also, by looking at the Quantec slides, it appears that mineralization is deeper on the right hand side, so it would be reasonable to suggest that we didn,t really hit it there yet.
3) By studying the Quantec slides and the coordinates of the samples taken on the right hand side of the property. It is easy to see how they were so close to surface mineralization, but missed because they couldn,t see under the ground to target the Quantec near surface targets. Since the Quantec, it is now like night and day, before being the night, now being the day. I can see when they got closer to the targets that the grades went up, its so easy to see.
4) Take note of the area on the diagram labled Zona Sur. Some excellent surface grades there over an area much the same size as the C-1 and A-4. Big enough for another mine the size of Exeters deposit.
5) Take a look at Zona Incognito, not impressive. Wrong! There are great surface samples taken last june from there over an ounce per ton that havent been put out in a news release. I wouldn,t doubt, big enough for another mine there.
6) Look at the top portion of the property to the top right of Zona Canchete. It shows samples taken from there as high as 14.99 g/t. Very nice samples, but, that is the area where the recent N-1 vein was found. I beleive this was the first test of the Quantec images. They had to dig 9 ft to hit the top of this vein and hauled a small sample out of it that was over 2 OZ/T. It was hard for us to place the exact location of this vein because of limited info, but it appears it would be around the far right hand side of the coloured dots on the figure. Surely big enough for another small mine.
7) If our trenching connects most of these dots with surface samples of at least 1 g/t, it should be reasonable to suggest that the whole thing would be an open pit mine. And when you do that, take BOWS math serious, because he is not giving you numbers for this surface 100m yet, he has been giving you numbers for the anomalies that are mostly at greater depths.
8) I know all this sounds fantastic, but what else are you to beleive. I hope more people can see what a few of us are seeing and realize why we have been coming up with some fantastic numbers. Its because of the fantastic grades and sizes of the mineralized places we have already taken gold from and the easily seen connections to the anomalies.