Excuse me? Question me directly before blabbing in error. I made comment to the recent E-Mails that had lack-luster results. I am sure there are more on their way however up to date the results are anemic. I am simply stating why I believe the price is falling. No false info there. Your blab before inquirey is false info. Ask before you make an as_ of yourself.
Hole CIH-99-2 Complete at 278 meters
February 28, 1999 - We completed CIH-99-2 today at 278 meters. Another 33 cm of good quartz/sulfide vein was discovered. A few more 1mm veins were also shown. The rig will be moved 200 meters tomorrow and we spud hole #3 at a 45% angle in line with CIH-99-2. Selected sections of core from CIH-99-2 will be split later in the week and sent in for assay.
February 27, 1999 - CIH-99-2 is now at 248 meters. We passed through a new, meter-wide quartz-sulfide vein at 247 meters. Visual inspection did not reveal any gold sightings but the sulfides look very promising. Based on this discovery we are going to continue drilling deeper on this hole. Also, the information confirms that hole #3 will be a step-out hole along the same line of #1 to #2.
February 26, 1999 - Doug Boddy made it back to the CIH-99-2 site this afternoon. He was greeted with great news. The snowplow he had hired via telephone had plowed the entire quarter mile of road into the drill site by 6:00 a.m., before the drill crew arrived to work. He observed the progress had been made to 201 meters. We hit vein 27 late yesterday just before they quit. The vein had widened here and was some 1.7 meters thick netting more than 1 meter of workable width allowing for the 45-degree angle.
We also penetrated the other two ancillary veins coming out of vein 27. Vein 27a had widened appreciably as well. This along with the galena showing well and the sulfides all the way down, we are reconsidering where to drill #3. The thought may be to move back further on the same line as #2 and see how deep we hit vein 27 this time. The second dimension is shaping up to be quite deep and this could be very exciting news suggesting the site may be open-pitable.
Hole CIH-99-1 Complete at 229 meters
February 22, 1999 - Doug Boddy will be at the government facility all week splitting the core samples. Then next week we expect to run the samples at TUNS (Technical University Nova Scotia).
Near the end of the coring we encountered a stock works of sulfide veins. This is very exciting and we look forward to the assay results. These stock works will hopefully contain the type of mineralization we are looking for. Well-dispersed gold versus the high concentrate we are getting with visible gold is better for milling.
February 20, 1999 - Production Manager Doug Boddy ended the drilling on hole No. 1 Friday afternoon. The total length of core pulled was 229 meters. The drill pipe was removed and the casing retrieved. The rig is being moved to a step-out point 65 meters up hill from CIH-1. We should spud CIH-2 Saturday afternoon and begin pulling core. We look to intercept vein 27 deeper than the first hole and confirm the mineralized envelop. Definition of the ore body will occur after we complete CIH-3 & CIH-4 as width and depth of the mineable gold target takes shape. A feasibility assessment may be warranted at that point.
February 19, 1999 - We made it to 200 meters by the end of the day Thursday. Wednesday involved equipment repair as the cold weather froze a water pump. The driller used the down time to pull the drill pipe and replace the drill bit. The core appears to be hitting a new zone again after several meters of just hard rock. A dip test indicated we are at 44 to 46 degrees suggesting we have had little drift in the drill hole. Results of the first assays on hole No. 1 should be available and published in early March.
February 18, 1999 - We have pulled core to more than half the planned distance of 300 meters by Tuesday night. Excellent visible gold was seen at the 10 to 15 meter range as that is Vein 27. 4mm and larger bits of gold can be seen on the quartz portion of the core. The quartz zone splits into three veins providing over 3 meters of pay zone. Further down hole we have had numerous small quartz veins, the kind we hoped for and have a multitude of 1mm to 4mm veins of sulfides. The results of these core sections will be of the utmost interest to us.
Due to time constraints preparing for the PDAC, we have decided to end the hole at whatever the total depth will be on Saturday. Move the rig on Sunday and spud the second hole on Monday. Doug Boddy will take selected core to the government shop on Monday for diamond saw splitting. This will take most of the week to complete. He intends to select at least 65 meters of core to be run immediately.
At this point in the process government people will oversee the splitting and the labeling of sacks that will contain each sample. A sample will generally have 50cm (20-inches) of core length in each serialized double sacked plastic bag. These procedures are designed to give accurate, unadulterated results.
While Doug is splitting core and having it run for assay we will have a graduate geologist on site from St. Francis Xavier University to perform logging of the core from hole number 2. David Dowe has spent three summers working before graduation in the field for Noranda and now resides local to our site. His wife, Loretta is graduating St. FX this year as a geologist too and they plan to do graduate studies next year in Ohio.
The core will be run at TUNS using the atomic absorption method. Our contact with TUNS yielded good news in that they are prepared to run the samples when delivered. We had some concern as to availability as others are also rushing to meet and show at PDAC in Toronto, mid-March.
First Chair Geology Professor, Dr. Alan J. Anderson is organizing some of his second year students to come to Isaac's Harbour this summer for various on-site study and work experience. Doug Boddy will utilize the manpower for certain preparation work. These students will work for the company on a paid basis. We are exploring the co-op program which the government subsidizes.
Government geologist inspected the site Wednesday and commended us on our clean, well kept site and operation. Our driller is doing an excellent job of regulatory compliance. The geologist expressed great interest in our findings and made some suggestions for further exploration on our claims.
Indocan Resources Inc.
Suite 2 - 331 Riverside Drive, North Vancouver, British Columbia, Canada V7H 1V2
Tel: [604] 929 7224 Fax: [604] 929 9277 e-mail jeffreyb@axion.net
Unless you need to be spoon fed news every day and don't see this as recent.
George |
