I was hoping for Peter to take role in sorting all this stuff not only for us, already involved, but those investors who check on different threads from time to time. It is very difficult to imagine placement, size and extension of this property without the visual representation, which could probably save time for many people calling or writing in this regard. I have gathered published information about the San Jose de Gracia and this is how I see it. It is my way to summarize all of this and the picture I see is very optimistic. Introduction of the major is also another reason for bright colors.
Let's forget this 250m depth from Keith's past question. It was related to dip extent of the vein.
1/I have read Peter's post from July 29 to Hugh where he describes hole 97-42 as a part of infill drilling which was the last one from the bunch to change the status from probable to proven on results from first phase. Then he wrote that step out drilling will start which will test the 1,100m strike in southwest direction that I understand was planned in 100m intervals. It was supposed to be done in one to two months. I don't know why Frank wrote about this particular hole to be drilled at 1000m of the strike?
2/Peter also mentioned that second drill was to be testing at the same time Rudolfo's vein, La Prieta and Purisma Ridge targets from first week of the August continuing till October.
3/ In news release from July 24 I read that Tres Amigos with Rudolfo Zone are within larger system which size is approx. 450m x 1,200m. From news release(July 2) I read about Rudolfo being situated 250m in southeastern direction from Tres Amigos where two samples 80m apart have returned good grades.
4/ August 14 release the zone which connects Tres Amigos, Rudolfo and La Prieta is of 1000m x50m.
5/ The same release - which tells us about thickening of the Tres Amigos Zone in southwest direction which is confirmed by all three reported holes.
I believe that market reaction would be different if those subjects were addressed somehow, since for me and I do watch it closely, more information could clarify some elements and I did not have to compromise or degrade my expectations. I could hope that stock could go up, but I can think of more aspects why it is going down and I strongly believe there are creations of confusion.
1/By assumption the hole 97-42 is the farthest in southwestern direction and by its returned width (28m at 2.11g/t) shows thickening of the zone greatly. In the same observation the grade is significantly reduced therefore step out drilling may include the risk of failing to prove existence of high grade mineralization on the strike. This is only in theory based on logic of two values. Relation of width and grade, which application is wrong in hole 97-39(3m at 29g/t)
On the other hand only rich by Peter's posting from July 29 (post#266) I can assume that step out drilling was concluded or soon will be, since news August 14 mentions the transfer of drill to the zone between Tres Amigos and La Prieta (which would include Rudolfo eventually) by September 1. I could expect at least another 10 holes' results for checking the strike(length 1,100 in 100m intervals)in southwestern direction to improve the 600,000 oz. Now by not specifying if infill in fact confirmed the 600,000 oz. there is a sense of disappointment, although there was no any conclusions.
2/ If in fact one of the drills started working on Rudolfo as Peter said in first week of the August we have many more releases to come in regards of this drilling . By estimating the size of the system to 450m x 1200m, sudden representation of 50m x 1000m maybe viewed as a reduction. I believe that could be a wrong interpretation as this mineralization is still within the greater system and is relating once more to the one of the new zones.
3/ The geographic location of this zones is very interesting as well
Tres Amigos with its southwestern extension with strike potential of 1,100m.
Rudolfo(250m x 1000m) southeastern parallel and 250m from Tres Amigos.
Zone which connects both (50m x 1000) lays within Tres Amigos and Rudolfo but also according to news release is in boundaries with La Prieta. If I am guessing right La Prieta would be located south of Rudolfo but somehow going in the same direction (west) as Tres Amigos extension.
That can be a great place for improvement in overall total size of the deposits.
I think that nothing to this point would make GHE a subject of disappointment. I still believe that all is ahead of us and the only problem child is the market in treating this prospect with childish mood swings. I can be also wrong in my views. This for my thread buddies and it is open for discussion for everybody who cares.
Regards
Robert Dydo |
