All I know is they are still awaiting results on the first 9 holes of
an allready drilled 18 holes.
GC wrote the following
--UPDATE ON PRIOR RESOURCES.....
>
> Sunday night, I interviewed Ron Tammekand, geologist for Prior>Resources (Alberta:PQL) by telephone. At first, he was cautiously optimistic. After all, he works for Prior Resources, not known for their meek claims about properties getting drilled.
> Tammekand has completed 18 holes in a 2050-foot drill program on>PQL's Trejo project in Mexico. Half the holes have been shipped in for>assays; the other half are to be prepped and shipped shortly. It is a very>good sign that Tammekand is having the entire program sent in for assays, even the 20-30 feet which he believes is rubbish." An even better sign is that Tammekand is convinced the property will turn up gold. The first set of assays should arrive by Friday; the rest later.
>> Let me give you some guidelines. If PQL reports consistent grades of 1 gram of gold or better, then according to Tammekand, "We'll have a gold mine. " If PQL reports 2 grams of gold or better, then (also according to Tammekand), they'll have two majors jumping all over PQL. One of those majors will be Geomaque, whose nearby gold mine is profitably operating with a cutoff grade of 0.2 grams of gold/ton and an average grade of 1.35 grams.
> You just don't need the fantastic high grades to profitably mine gold in>Mexico. Tammekand mentioned that both Phil Whalford, VP/Explorations of>Geomaque (TSE:GEO), and Alejo Monsaivais, of El Dorado (TSE:ELD), have been>regularly phoning him for updates on the Trejo property. He believes that>either or both will immediately jump on PQL, should the assays come back>positive.
>
> In trying to guesstimate what may happen with PQL, I looked for
>clues. For example, Geomaque was drilling anomalies at 200 ppb of gold; PQL>is drilling anomalies that assayed at 600 ppb -- THREE times what Geomaque>worked with, before discovering their gold mine. In understanding this>"weathered rock," one should realize that the better grades are not likely>to be found at the surface. PQL reported up to 4 grams of gold/ton on>surface. Further, Tammekand, told me that the rock was the "same at the>bottom of the holes, as it was at the top." He also mentioned that in two of>the holes, the rock looked better, the deeper he drilled. Two holes got>200-foot drilling, while the rest were drilled down about 100 feet.
>
> Geologically, there is lots of silification and lots of
>disseminated pyrite and the same breccia in ALL of the holes. Understand>that Tammekand drilled 400 meters long strike and 300 meters across strike,>fairly evenly spacing his drilling. Said Tammekand, "We were chewing up>plenty of blades because of the silification." He says the silification is>good because it is normally associated with gold. However, the downside is>that there is a lot more calcite than quartz stockwork, which he is quick to>point out.
>
> Finally, I asked Tammekand what he figured the assays would bring.>This is a tough task since you really can't see the gold, which is why one>assays for the "truth." Tammekand guessed PQL would come up with sporadic>values of 3-4 grams of gold/ton, with most running around 1/2 gram. If so,>that might average to 1 gram of gold/ton across all their assays. And if>that is the case..... well, Tammekand has already mentally figured out the>infill drilling program. He plans 100-200 holes, spaced every 15-25 meters.>"Bigger holes and deeper holes," said Tammekand. He's looking at 300-foot
>holes with a few at 400-450 feet depth. PQL mgmt may, themselves, be busy>talking to a few majors.>
>
This could be a different PQL, from the one we've been used to.
>This time, they might just bring us a delightful surprise. Phone for
>additional details: 800-972-6564 or 604-682-0410. |
