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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: PaperPerson who wrote (100201)	12/2/2007 1:03:55 AM
From: E. Charters	Read Replies (1) \| Respond to of 312934

My take is it is dangerous always to say it goes down unless you pop a drill hole in. But in that camp there was only one mine that did not go down and that was the La Roche Long Lac. It had high silvers. Whenever you see that you can get the willies. But LRLL went to 1500 feet, so not too bad. 1.5 kliks? well it would be in form. I would not say not zackly like the GC mine, but is high and not bad wide. Leitch a few miles away was high and narrow. So it is in character and out of character at the same time for this camp. While the camp had some grade leaders the bulk of the grade was lower, perhaps 0.17 because the biggie mine, the Mcleod Cockshutt (1.4 million was low grade, 0.15 OPT. But it was 150 feet wide in places. But there were few high grade ops. Little Long Lac, Bankfield, Magnet, Leitch, Dik Dik, Pan Empire, Hardrock, Sand River, all north of 0.32 OPT. GC had a lot of 100.0 OPT grades. Not much of that anywhere else. When I first saw the grades at GC in section back in the 90's I argued with the guy who showed me that it had to be grams per ton. No way a gold mine had minable widths in the double digits oz's per ton for that many holes. And the grades of 150 OPT, Don't be ridiculous. But he insisted and I reread it. I suspected a misprint, but when I realized he was right I just stared at the picture for perhaps 5 minutes. Only one mine in history had better grades than that. Goldstrike Nevada. I was relatively shallow, perhaps 700 feet deep. But its grade was an average of 700.00 ounces gold per ton. They stopped it when the grade petered out to 50 ounces gold per ton. True story. I remember applying to work for the exploration department of Dickenson mines in the 70's. They asked me where I would like to drill and why and I asked them what they were doing. They said working around 2500. I told them they should drill to the west and below the mine towards the lake. They replied that they were losing money at the time and they did not want to spend more money. No job. So they declined to discover the world's richest mine. The biggest mistake you can make in exploration sometimes is to stop. There were two major one ounce per ton mines in Canada. Discovery Mine in the NWT and the Leitch Mine in Beardmore. There have been perhaps less than ten one half ounce per ton mines run for any length of time. Macassa, Lakeshore, Kinross 1060, Eskay Creek, Cullaton Lake, Scotty Mine, Buffalo Ankerite, Hardrock, Wright Hargreaves, Hemlo (for a while), Toburn are ones that I know. Campbell Red Lake never cracked a half an ounce. They could have if they had used an autoclave but the Asp did not let them get all the gold. Kirkland Lake is one of the highest grade mining camp in Canada. Average grade is close to one half ounce per ton. It runs neck and neck with Yellowknife which had really good grade. Many 0.50 veins in that camp, but not many of them for many tons. Timmins was a low grade camp, average of 0.15 OPT. Yet it produced 100 million ounces of gold. Think more people would be drilling around there for gold. Two of the biggest gold mines in Canada were the Geco Mine and the Horne Mine. Except they were copper mines. EC<:-}