Here is an except from Jay Taylor's latest newsletter:
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Prior to acquiring the Josh Gold Property for Delgratia, Dr. Ager
carried out extensive geo-chemical and geo-physical work over a
4-year period of time. What he found was a mineralized zone that
stretches 18,000 ft. in length and varying in width from 1,600 ft. to
6,000 ft. At that time, the depth of this mineralization over the entire
surface dimensions of this property remains unknown, but Dr. Ager
has believed (indeed recent drill holes support) that gold mineralization
could extend to bedrock which is in excess of 1,000 ft. Mineralization
occurs in an alluvial or placer type deposit of fine gold in a sandy like
material. Some of the gold mineralization is believed to have
originated from higher altitude bedrock which surrounds the Josh
property but there are also indications that some of it may have come
from hydrothermal activity from below. As recently reported by a competitor of this newsletter, the whole area appears on
surface to grade between 0.032 oz. gold/ton or higher. The actual area of current focus measures 10,000 ft. by 5,000 ft. and it appears
as though the property could be mineralized to a depth of 800 ft. which is sort of the average of the first four drill holes. While we do
not wish to imply any reserves exist on this property (because not
sufficient work has yet been carried out to do so), if the property
contained a grade similar to the average of the first four holes (i.e.,
0.06 oz. gold/ton) the dimensions calculate out to over 3 billion tons
containing 184 million ounces of gold. If this is true, who needs the
Busang?
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My questions:
1) Is this complex mineralization which means its another desert dirt type property where extraction problems rear their ugly head?
2) A possible 184million ounces of gold and Barrick isn't banging on the door looking for its piece? C'mon Jay, what's the catch?
3) Has anyone leaned over the glass at a Blues game in St. Louis to ask if DELGF's pseudo institutional support (as in vastly overpaid NHL players) is still on board? |
