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

To: ralfph who wrote (260934)	8/15/2018 1:31:14 AM
From: ayeyou	Respond to of 313686

I talked to Conrad after the PP closed and he said they were going to drill"immediately". So that would mean a September start and assays in October probably. It would not be a huge program but probably pretty widely spaced as this has not seen more than a couple holes drilled before. They will be kind of doing a reconnaissance drill program on the two zones and then try to narrow down the best location for a bigger program in Spring. They do have the aeromag anomalies as targets and the geophysical work they are doing right now will help guide them to the correct area. Expect to see some sample assays from that work in next three weeks or so. Here is some of what they have to say about their plans.... International Samuel Exploration Corp. has commenced the 2018 exploration program on its 100-per-cent-owned 27,340-hectare LGM property, a district-scale exploration project located in the heart of British Columbia's Golden Triangle. The company just completed a 178-line-kilometre airborne magnetic survey over portions of the property with the results expected shortly. In addition the company has mobilized crews to begin the first stage of its exploration program which consists of construction on helicopter pads, and sampling and mapping of the underexplored areas of the LGM property. With the drill permits already in place, the second stage is to undertake a drill program on the Lucifer showing. The Lucifer property's previous exploration work by Noranda (1990 to 1991) identified a 400-metre-wide, 1.2-kilometre-long, north-northeast-trending zone of hydrothermal alteration associated with strongly elevated gold concentrations and base metal soil geochemical anomalies. The BC Ministry of Mines Minfile database documents two shallow drill holes completed in 1991 which reportedly intersected 15.1 grams per tonne gold over 1.36 metres and 0.7 g/t gold over 5.70 metres. In addition to the mapped alteration zone and strong soil geochemical anomalies Noranda identified multiple strong gold in stream anomalies in the central part of the property which have not been followed up. The company intends to verify the historical exploration results reported and drill test the hydrothermal alteration. The target environment at the project is a volcanic setting (Stuhini group and Hazelton group volcanics) known to host mineralization elsewhere in the immediate area, as well as prospective contact points with the Jurassic unconformity. And after the aeromag survey they flew this..... International Samuel Exploration Corp.'s plans for its 100-per-cent-owned LGM property (Lucifer, Grizzly and Micky Davis properties) will focus on the exploration program on the advanced new geological theory of the Red Line of Kyba and Nelson (2012) to assess the property's potential. The Red Line model suggests that the geologic contact between the Triassic-age Stuhini rocks and the Jurassic-age Hazelton rocks is a key marker zone for the development of copper-gold mineralization. In Kyba and Nelson's 2012 work, they demonstrated that many of the mineralized systems in the Golden Triangle are clustered near this Red Line contact. This Red Line contact is identified on the significantly underexplored areas on the LGM property in two distinct, parallel zones. These two zones are each approximately two kilometres apart and five kilometres long. The LGM Red Line contact zones are northwest-southeast trending and span across claim boundaries. Additionally, government geophysical data display airborne geophysical magnetic highs associated with both LGM Red Line contact zones. Conrad Swanson, president and chief executive officer of International Samuel Exploration, stated, "The presence of two of the celebrated Red Line contact zones with associated geophysical signatures on the LGM property enhances its exploration potential immensely." Full disclosure I hold ISS and have also bought into the PP.