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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (62613)	12/28/2008 2:05:40 PM
From: philv	Read Replies (1) \| Respond to of 78422

I had to google it. Found this: From the Hart guy. 1985 "Hemlo used to mean a small town on the Trans Canada Highway in northern Ontario between Marathon and White River. Now it means the biggest, richest gold find in the Americas. It means a minimum of $5-10 billion. It means a new boom in the Canadian mining industry. And it means Canada is again a major player in the gold markets of the world. Hemlo means gold." "The author, Matthew Hart,is a Toronto journalist who is obviously excited by this incredible story and in awe of the larger-than-life characters he encountered in researching it." etc. umanitoba.ca

To: hank2010 who wrote (62613)	12/28/2008 2:15:02 PM
From: tyc:>	Read Replies (2) \| Respond to of 78422

Of course it was indeed a modest hole. But nevertheless it was the "discovery" hole of the Hemlo deposit. I'm suggesting that there is a message there; we shouldn't dismiss even modest "discovery" holes. Historically, I look back on the early problems of Harry Oakes and the original Lake Shore Mines. He had faith that he had a mine despite the fact that he was unable to interest knowledgeable mining engineers. etc etc. Sure... the odds against are very high.... but so were they at Hemlo and Lake Shore..... I think !

To: hank2010 who wrote (62613)	12/29/2008 7:33:08 AM
From: E. Charters	Read Replies (1) \| Respond to of 78422

It was not that great. It was about 20 feet of 0.29 OPT. And by hole 120 there was only 250,000 tons of 0.25 OPT. The main thing that attracted people to it, was its regularity, width, and formational character. After Bell drilled a mere 11 holes on an adjacent property he was able to estimate millions of ounces exissted in this shear zone. The oustanding feature of the Hemlo mines was the large consistent stopes that held grade to allow blocking out and relatively cheap mining of good but not spectacular grade ore. Average grade of the Camp is about 0.184 OPT.