St. Elias Mines

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This could be huge , or it could be so so for the anomaly. There is not enough info in the release to make an analysis.We need to see the drill plan and we need to know if there is gold in between the 1g/t plus intercepts..

The Canchete holes are ok as they stand, there appears to be many veins there.We need to see the angle of the holes to see if these are individual veins or if they drilled down dip.

It also appears that this release was hastily put together to get something out for us.

The important geology is missing, we don,t know how much of the core was sampled, it looked like they only sampled the vein intercepts.

There is no info on disseminated gold which is very important in looking at the anomaly.

The worst thing about this release is, we could have it big, it could be starring us right in the face, and we don,t know.

There is 3 bad holes there, but like trader bob said, they could have been outside of the structure.

Please keep in mind also, that drill core intercepts will usually be lower than actual mining grade of the vein that was intercepted. You need more than one hole in an area to get a better representation of the grade of that vein.

Interesting, Lori says the mineralization goes to depth. But she is not showing us all the depth in most of the anomaly holes. There appears there may be info missing from the bottom of several holes. How does she know this if its not showing up in the release? I believe she may have more for us later on.

Even though it may not look like much to some in the anomaly holes, there is a chance they could be really good.

Sorry, this is pretty well the best I can do with this NR. The important thing is, that we got gold at depth where we wanted it!

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sculpin
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St. Elias Mines
Symbol
SLI
Exchange
TSX-V
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130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
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