i don't blame you for having those sentiments. and thanks for having the guts to post what you feel, come hell or high water.
here's a question lots of people are wondering about, regarding brent cook's take on NES. whacha think?
oh, and on top of this i read something about hole 37 having the possibility of long barren stretches intervened with very high grade parts. it doesn't make sense to me, but i don't know enough about mining to be able to tell if it's BS or not..
=============
Brent Cook on NES Sunday 4-24
"In the text of the announcement, as well as in the map below (Fig. 1), Newstrike explained in detail that some of the holes they are drilling are intended to gain a better understanding of the known higher grade mineralization associated with a breccia body. (A breccia is a broken body of rock that is commonly associated with mineralization due to enhanced permeability within the body). Specifically, they point out that “hole 37 was oriented to the west to test the down dip interpretation and continuity of the mineralized breccia.” They go on to note that “holes drilled from west to east at -45° angles are nearly perpendicular to the perceived strike and dip of the geology, thus are interpreted as a close approximation of true width.” Meaning that hole 37 was drilled roughly parallel to the dip and entirely within the mineralized breccia and therefore does not represent the true width of the mineralization—it went down the mineralization as planned and disclosed.
(Fig. 1- Ana Paula drill plan with hole AP-37 drilled to west and most other holes oriented to east, roughly perpendicular to the west dipping mineralization.)
Although Ana Paula is an interesting property that does offer the potential of an economic deposit, I discuss it here to (once again) bring home the importance of context when reading a company news release. In this case, the geology of Ana Paula is comprised of a number of westerly dipping slivers of limestone caught up within an intrusive complex (granodiorite, monzonite, and porphyry dikes). Gold mineralization is related to iron skarn replacement of the limestones and breccias and, possibly, epithermal veins. The mineralization predominately occurs in the west dipping structures that seem to occasionally blow out into high grade breccia bodies. Drill hole 37 went down one of these blowouts located under the La Puerta mine (see figure 1) and is not representative of the entire property.
Assays from holes drilled to the north (AP-32, 34) that were drilled the opposite direction (easterly) of AP-11-37, returned multiple intersections of generally under 1 gram per tonne gold, thereby apparently closing off the high grade breccia’s extent to the north. Approximately 70 meters to the south, holes AP 19 and 20 intersected the better grade mineralization at depth, suggesting that the high grade breccia body may have a strike length of at least 70 meters (we don't actually know yet). NES will need to drill a series of easterly directed holes along tight fences in order to define the size of this high grade body.
Elsewhere on the property the mineralization is rather typical of skarn systems, with grades quite variable and related to structures and the intrusive-limestone contacts. I don’t have a good handle on the continuity of mineralization between drill holes (link to assays here for anyone interested) and am neutral on the property.
We will continue to monitor NES because an intersection like AP-11-37 shows that there is the potential for some very high grade in the system." |
