Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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

Free
Message: anomalies galore

I find it interesting that out of the 19 anomalies that the Titan identified, there are only 4 that are in areas that encompass known veins. The other 15 do not have a vein running through them at surface. And really, there are only 2 anomalies that have veins inside, the other 2 just border or touch inside.

We have over 50 known veins that are recorded over 100m, there are more,but they are not over 100m yet, and are not counted. Gluckenstein figured over 2 million ounces in these known veins by using an average grade of 16 g/t, I beleive. He gave no values for disseminated gold and I don,t beleive he took into consideration the widening of veins at depth.

The point I am trying to make is; that these anomalies have to be situated around veins. If they are not situated around veins in the Figure 2-34, on pg 158, of the tech report,they should be on the east side of the main corridor, because the main veins dip to the east. The dip of the East dipping veins is steep, ie 70-85 degrees, almost vertical. This being the case, the anomalies on the east side of the corridor should have been positioned closer to these veins, if the known veins were the target. Where this does not appear to be the case, I am left to believe that there must be many more veins besides the 50 known veins.

There are 8 anomalies on the west side of the corridor that have to be targeting new veins. There are at least 6 anomalies on the eastern side that are targeting new veins. This brings the total to 14 out of 19 anomalies, or 73% of these anomalies should represent new veins or vein structures (stock work).

I will also have to say again, that the west side of the property will have most of the near surface gold in veins. It extends out past our western border and if there was anyway possible, we should have tried to stake that entire west side out to 1 km, or at least 500m. There is plenty of evidence to me that there are surface veins outside of our western border with shallower easterly dip, ie 45-50 degrees ,that shoot in under our property, and most likely connect to the main corridor/fault. I beleive thats what all the western anomalies are representing. These veins, if there, should be slightly higher grade because of a couple reasons I will not get into.

We do not know much about the present drilling, only that Lori said we are targeting the Zona Central. This is an area we already have a lot of info on it. The Titan has identified so many more targets, that I wished she would have did the scattered drilling of all the first priority drill targets recommended by Quantec. While it is good and essential to prove up the giant anomaly, I feel we may be missing so much more by not following the Quantec drill plan. Also, the focusing on one area could slow down the proving up, if the desired results are not obtained. If we were to get an offer on the release of the anomaly results, if good, we she will most likely then focus on drilling the other anomalies. This could take a year, and the risk of a hostile takeover becomes much greater, as people would sell some shares, and others get restless. Lori could only end up getting what is offered to her if this situation arises because she could lose much of the balance of shares and give a major the chance to get 66% of the votes. But she has the Indeva group as advisors, so hopefully we are in good hands.For something with the possible magnitude of this, I beleive many bad scenarios could be ruled out if this is done as fast as it can be done.

Share
New Message
Please login to post a reply