Firestone Ventures is currently drilling the Sonora Gulch property in the Yukon, and as someone who is usually skeptical about drill plays, this one to me stands out above the crowd as one definitely worth betting on. I highly recommend anyone to go over all the material on Sonora Gulch:
firestoneventures.com
Like Torlon Hills did for Firestone a year ago, Sonora Gulch has the potential to catch a lot of people by surprise and make a lot money for others. Very good odds are written in black & white:
- people have been profitably doing placer gold mining on the property for much of the last 100 years, and still are today
- angular nuggets with fragile mineralization attached show that there is a source of gold on the property
- tetradymite (Bi2Te2S) that has been found on gold nuggets is highly unusual, but matches similar signatures at the 5 million ounce Pogo deposit across the border in Alaska
- they are along stike in the same region as many other mineralization discoveries; gold is typically found around where other gold is found, the reason being that tectonic activity in ancient times past has occured across the same area enabling fluid circulation or metamorphic activity to do the enormous concentrating needed to make gold economical to mine
- highly anomalous gold and copper has been found in soil samples on the east side of Hayes Creek, a previously unexplored area, including at higher, steep elevations, and therefore likely comes from the rock nearby
- gold and copper soil concentrations as high as the samples found recently by Firestone are unusual because volcanic event in the first millenium AD rained down ash on the Yukon and diluted the mineral content of the soil
- geophysics provides signatures of something below the surface that matches well with the locations of the soil anomalies
- perhaps most importantly of all, I have heard, in some cases first-hand, that the geological experts at Firestone are excited about the prospects of finding a high tonnage body of mineralization, and these people are top-notch -- John Kowalchuk, Carl Schultz, Dennis Oullette, Lori Walton, and now Kristian Ross
Some people discount Sonora because there was drilling done in the past that didn't find anything significant. Well, this is the history of many successful deposits that have been one or more times before being discovered by someone thinking differently. 100% guaranteed, Lori Walton and company are not doing an empty promotions drilling a pre-drilled property. They are putting their money there because they believe it is a very good investment and rare opportunity with excellent odds of success. |
