Kim, a second question on your last post, if I may. Since most drill programs are intended to prove out a vein type deposit and to outline where the vein(s) start and end, at what point in time, or how much drilling to you believe it will take for the industry to accept that a sedimentary deposit of precious metals is indeed possible and in fact IS what FL represents? Have there been sedimentary style PM deposits that have been mined before?
In an operation where a company is trying to find veins of PM's, you might have a great hole on one spot and 100 feet N,S,E or W would come up with nothing. However, this is a sedimentary deposit with very similar results in HORIZONTAL slices, not vertical.
It would seem that if similar results start to come out from drill holes a mile apart, and then a half mile apart, a quarter, 200 yards, 100 yards, etc. and similar results come from similar depths, then the more aggressive investors will start to "see" the picture come into focus that indeed this is exactly what Naxos said it was making it much easier to take less dense drilling as an indication of reserves between drill holes.
What are your thoughts?
Regards,
Tom F.
Tom F. |
