Hello Jesse and All,
I for one have been following and long on this company for many years.
However I never had the opportunity to attend any of the Mining/Investment seminars/shows where Montello had a booth and put up
their show & tell material which many people have attended, and sharing with us here on SI, describing what they saw at these shows.
I thought it would be prudent and interesting to see all the material
Montello has been showing to the investing public, so I decided to do my Due Dilligence for myself and see all this stuff with my own eyes.
Called down to MEO's office with my request,.. and lucked out ! Thomas Yingling (Montello's Information representative) had a free moment the next afternoon, ....went down and met him personally for the first time (we've spoke over the phone many times). Coincidentally Patrick
Powers was with a mining analyst (no names please) in the boardroom at
the same time that I paid a visit with Thomas in his office.
Thomas brought in pictures/maps/aeromags/satellite images , some that
were as large as his desk --- it was a diamond geologist's dream I thought to be able to view this material, and these're just the public domain stuff that others have already seen before me.
To do proper justice on reporting on this material , one would have to
be a geologist with a very trained eye to give an interpretation on
what this very expensive data (so I'm told !) really represents. But the expense is proving to be worth every penny spent, as their two competant geologist , Mr Downey, and Mr Senn, are finding that each
source of data identifies/qualifies and then cross-checks, re-confirming each target with significantly more confidence.
I must let all of you know that I am not a geologist, nor a mining analyst, nor one with any experience at all really in interpreting any of this type of data. So a few high-lights I learned, is really second hand to you from my memory (wasn't prepared to take any notes !), from those 15 to 20 minutes, and with Thomas having to explain everything to me, for which I am just an 'orinary investor poking around !
.....So my interpretation on the few important points I picked up from Thomas are as follow :
- a photo showed the "clear-cut" (logging/oil&gas roadway) leading to one of the drill targets
that the crew had to traverse.It was intersected by (I'm told by many)
2 small lakes in this picture; which trucks would not have been able to cross, unless frozen-over solid; these lakes are surrounded by marsh as well, if they tried to go around the lakes logging permits would be required to clear a new pathway, requiring more time and expense. El Nino was an indirect cause to the delay in initiating the mobilization of the drillng crew and heavy equipment. (yes,eventually froze solid, and they got through !)
- drilling was scheduled to start this weekend, the latest being mid-next week.
Drilling will be an ongoing 24 hour operation ( 2 crews; 12 hour shifts -off period to remain at camp, on site, ...wonder how those guys going to get any sleep with all that noise ?!!!)
- as mentioned in the last news release about the "domal structure"
and "NW/NE trending lineaments " ie 2 fault zones ; Thomas goes on to
explain that their ongoing study of all the data on the SE BLOCK property,.. these 2 structure/features seem to play a very very significant role,
in terms of the attractive significance from an exploratory viewpoint on these ( re, ACA/MEO abutting) locally surrounding exploration land areas.
It's hard to grab the picture from the NR on what this domal structure looks like, but with the satellite imagery,one can see quite clearly this feature being revealed. ... just imagine a round pie tin-
pan placed over a map , 2/3 covering Ashton's property to the north and 1/3 covering Montello's SE Block; .... the edge of the pan would
scribe as follows on the SE Block....coming in from above (Ashton); entrance about mid-way of the "horizontal distance" of the flat lying horizontal(wetern) portion of SE Block; moving down from this entrance point (down about half to 2/3 of the vertical distance) of this flat horizontal piece of the property , and continue to the right (eastward) , then over to the vertical
portion of the SE block, scribing about half of this western portion
of the vertical piece in a now leftly-and upward curving arc, before shooting back out onto Ashton
to the north.(ie we've been drawing/tracing this imaginary "edge" of the tin-pan in a counter clockwise manner,on top of the SE BLOCK. (..sorry,...loose ya ?!!!)
Thomas says their studies seem to indicate that, it is this domal structure's interaction with the fault lines,may have produced all the
promising features for this local particular exploration area ; which of course includes their SE Block as I've mentioned above. Thomas goes on to saying that their best targets [and there's targets all over this SE Block], and he re-emphasizes THE BEST targets, seem to be LINING-UP all along the "edge" of this circular shaped domal feature, at least on their SE Block anyways (ie. don't know about Ashton's portion). This bring up a point mentioned by Jesse in some posts back
about the importance of the peripheral areas of the clusters,.. better hosting of diamonds or something to this effect; Jesse can you please clarify or elaborate.
- saw a few of the ground geophysical targets (mapped out at 50 meter intervals, hope I got that # correct; ie high res), round-oval shaped... they're planning to investigate all the targets produced and cultured,from all this data; and to eventually drill where warranted.
........Wow, it's getting quite late,... and this is all I've to say. But please all of you, DO NOT, AND I REPEAT, DO NOT TAKE ANY OF WHAT I HAVE RELAYED AS 100 %
ACCURATE ; CALL UP THOMAS AND VERIFY, VERIFY, VERIFY !!!!!!
It would be good for anyone with any interest in this diamond play to see this data for themselves ; or send a qualified person (geologist/mining analyst/ and how about your broker), in your place for a qualified report.
Call /e-mail Thomas also,for any more details/enquiries you may have.
Their web-site has the toll free #, etc, ....and the link again :
montello.com
If Montello gets their drills into the ground first,(out of all the junior players) , then it'll be the analysis of these first drill cores that will provide the " proof in the pudding ",.. as we turn the
first page into the upcoming second chapter of the Alberta Diamond Exploration Play.
I think Ashton et al, has done a tremendous job in chapter one, coming up with solid evidence of diamondiferous pipes in the area, and
educating us along the way. We should be very thankful to them all, and I think they(Ashton/Pure Gold/AE) would continue to do extremely well; even more-so if
any of the juniors hit kimberlite and diamonds on their (junior's) surrounding properties.
I apologies for the lengthiness of this post, seems I've been go'in on and on,.... I'd better say stop here again !
Please all, remember to do your own due dilligence for any decisions you may have; ... that's the only way to approach all of your investments, IMHO .
Good luck, .... hope this is informative.
Gord.
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