SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Aurora Platinum Corp, ARP

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bruce Robbins who wrote (118)1/21/2001 10:11:19 PM
From: Brumell   of 157
 
Rumor has results from a verical hole being released soon - possibly within a week or 10 days. However, these holes are not being drilled to test a specific anomaly... according to NRs.

In their Jan. 10th NR, ARP describes these holes as follows: <<< Drilling has commenced on the Foy project located in the Sudbury district, Ontario, where three vertical 800-metre-deep holes are to be completed for the purposes of conducting downhole geophysical surveys. Prior to the year-end break, hole one and part of hole two were completed. Disseminated and massive sulphides were intersected in both these holes and assay results are pending.
A second rig will be mobilized to the Foy project immediately to test airborne geophysical targets associated with an interpreted buried embayment. Several extensive magnetic highs interpreted to be deep sulphides in the sublayer are the initial drill targets. A total of 8,000 metres of drilling is planned. >>>

In their Dec. 20th NR, they write the following about Foy drilling: <<< At present, one rig is operating on the Foy project and is drilling the second hole of a three-hole program designed for a downhole geophysical survey. The three holes which are collared north of significant Cu-Ni-PGM mineralization discovered by Aurora in the Foy offset dike, are being drilled over a strike length of 500 metres and to a depth of 800 metres. Although the three holes are strictly designed as part of a downhole geophysical survey, a number of pods, lenses, and vein of both disseminated and massive sulphide have been intersected in both hole one and two. These holes are currently being logged and sampled. Assay results will be released when received. >>>

I don't have enough knowledge of geophysical instrumentation to fully understand their plan. If it's as I think, they are taking an expensive but perhaps necessary route to closely track sulfides. Rather than drilling an existing target, they appear to be drilling vertical holes set back as a fence or grid.

Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext