Sorry about his Claude, just call me Jim the messenger boy. I'm feeling like the middleman that I've been, all my business life.
Could this hypothesis be valid?
Don't want to waste your time, unless you are watching this one.
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" this is not a vein or stockwork of veins these are
"structually controlled zones of breccia"
"Five of these shallower holes intersected high-grade gold and silver mineralization in
structurally controlled zones of silicified, sulfide rich breccia. Assay results for the
previous five shallower holes are as follows:"
HOLE # FEET GOLD SILVER
(oz/t) (oz/t)
EP-12 70 0.187 27.12
EP-13 45 0.02 15.3
includes 20 0.04 30.09
EP-15 15 0.04 4.55
EP-20 50 0.240 21.63
EP-21 20 1.79 48.02
Jim; The following text is taken from the Canaccord mining analyst (Grahame Currie)
recommendation. Please read the english as it is written!!
.....the first phase of this seasons
program the company is returning to the Saavedra West zone. This is occurring
because over the past year geologic re-evaluations has defined what is hypothesized as
a large, sub-surface, structurally controlled, volcanic/sedimaentary basin that offers the
potential to host a bulk-tonnage, disseminated precious metals deposit.
Past Exploration Results Provide further Potential Evidence for the Existence of such a
Target
In 1998 drilling at Saavedra West identified an area of exposed breccia pipes as being
mineralized and five holes in the Discovery Hill area yielded assays up to 6.0 m of 61
g/t Au and 1,647 g/t Ag. Other reported drill hole values included 21 m of 6 g/t Au
and 874 g/t Ag as well as 15 m of 7.5 g/t Au and 677 g/t Ag.
Subsequent mapping, structural interpretive work, and geophysics suggested that the
Au and Ag hosted within the breccia bodies might represent upward fluid migration
from a deeper-seated, basin-hosted source. The geophysics identified a target roughly
1.0 km by 500 m in size, about 100-300 m below surface. The drill program is
specifically
focused at testing this hypothesis." |
