Re: The good news was,,,
in response to
by
posted on
Nov 20, 2011 06:47PM
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
Welcome, welcome. The ovoid is the substance dreams are made of. This is what set St. Elias apart from a very good prospect for a junior exploration company to a possible world class gold mine The ovoid refers to a bright purple anomaly that just a piece of it showed up on the tail end of the first Titan 24 study. The second geophysics study (Titan 24) show a potential mountain of gold. Those of you at the conference could look across the water in Vancouver and see Grouse mountain, altitude 3800 feet and conjecture that that is about as big as the ovoid anomaly alone on the Tesoro property. Bow, Kemo etc have done a lot of work and had to buy new calculators to figure out the tonnage of metal-conducting rock in that gift from nature.
Another thing relating to good news is the statement that the geophysical studies were very similar to Goldcorp's Red Lake property. Their underground anomaly extends vertically while ours is horizontal, and ours appears to become an open pit mine. However they have the advantage that they are presently mining 6000 tonnes per day of ore, and they report their concentration is 28 gms per ton, i.e. almost an ounce per ton. The link library estimate is only a gm per ton because if we were to estimate an ounce per ton we would be the laughing stock of the mining community, and even a conservative estimate is a huge mine, if and when the drills confirm the gold bearing ore.
Perhaps "He who laughs last" etc??