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This is and exerpt from a 43-101 technical report for CSI - Colossus Minerals. It shows what is required for higher grade mineral deposits.
19 MINERAL RESOURCE AND RESERVE ESTIMATES A mineral resource estimate meeting current Brazilian standards was submitted to DNPM as part of the Mining Plan and accepted. However, for the same reason that the VALE mineral resource estimates (see discussion below) did not meet the NI 43-101 standard, this resource does not meet NI 43-101 requirements and cannot be published here. Mineral deposits that contain pods of exceptionally high-grade material are always difficult to assess. Geostatistical modelling by independent consultants Mining Associates Pty Ltd indicates that although the Serra Pelada mineralization is not nuggety, and therefore on a broad scale the variances are acceptable, in the high-grade areas the variance is largely due to extreme short scale geometric and spatial variability. A consequence of this short scale geometric and grade variability is the significant uncertainty with reporting of these extremely high-grade resources. The block sizes in these zones must be reduced, probably to 7-10m blocks. The drilling by VALE was on 50m spaced lines. Colossus has to date substantially closed the drill hole line spacing to 25m; however this is still too widelyspaced to allow a resource estimate in a category better than “inferred” to be calculated. Given the depth below surface, drill intersections spaced close enough to allow definition of block sizes of 10m or less can only be achieved by accessing the mineralization from underground. This would also facilitate drilling the flat to very shallow angle holes necessary to determine true thicknesses in the steep to vertically dipping high-grade zone in the fold hinge. more at: Sedar Now do we spend more holes drilling the same deposit or spend the money on ramping up production and defining new Hinge Zones and thier general outline, and lenses within them, then follow up with a bulk sample? From my understanding and experience as a miner I think they will follow these lenses to the point where the gold will pool, 007 is a strong indication of this and Goldcorp proof. You find a small area with exceptional high grade, and sometimes a larger pool. Goldcorp's Conventional methods get you conventional results.
Red Lake mine is the first example of this - but quite unlikely to be the best. I am more interested in seeing $150 mil in the bank than a 43-101.
I see it now - good catch! So do you figure the blue lines on the Hinge / Rice Lake are what they have mined out so far?
Rook, I think you are mistaken, i think its the 007 zone, and previously drilled zones with the thin lines. However the "Emperor" has changed to the "Emperor Target" - its circled to mean a drill target and has been for a long time over many discoveries. Could this be the next hinge like Zone? I don't see any other targets on thier current drill program fo a "new zone"
I was trying to get on the San Gold website tonight, seems it is down. My guess is that they are doing an update to something.
A news releasse now would make a big impression in NY. Timing is everything.
What is likely to start happening in gold junior stocks in the coming months and SGR will go right along with it, a few good NR and a TSX listing and we should pass most..
Plenty of Room to Grow
That’s why we continue to look for the high quality junior gold development firms for maximum near-term profit potential.
Since the start of 2007 gold is up 70%. The major gold stocks are up about 30%. Junior gold stocks, however, have seemingly missed out on everything. As a group, they’re down 40%.
As gold marches higher over the long run, this will not last. The juniors are going to catch up in a big way and as we watch the new trend in gold stocks, a large group of junior gold stocks has already started.
For this gold bull market, as we look for undervalued anomalies within bull markets, we’ll continue to recommend the deeply undervalued juniors because from valuation and risk/reward perspective, they’re the best.
If this new trend in the juniors is a sign of things to come, it’s going to be a highly profitable ride in the very near-term, regardless of which way gold prices go.
http://www.commodityonline.com/news/There-is-something-much-bigger-than-Gold-24404-3-1.html