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brickcityman (< 20)

Hey TMFSinch (and any other PM bloodhounds)

Recs

7

February 04, 2011 – Comments (3) | RELATED TICKERS: CPFXF

What do you make of the latest assay results at Schaft Creek?

 

I'm still a novice at interpretting this kind of data, but it would seem to indicate that there has been improvement in the expected yield.  I also think it says that the limitations of the measuring approach means that yet more may still be discovered.

 

Of course I could be bass-ackwards on this, so hence why I cast the net to all who are willing to offer their interpretation.

 

 

3 Comments – Post Your Own

#1) On February 04, 2011 at 12:56 PM, Jbay76 (< 20) wrote:

After reading the link, it seems to me that they found good results and may have met their objective of finding a better starter pit.  But, I am interested to see if Chris thinks the same.

These are busy days for mining.......

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#2) On February 04, 2011 at 1:49 PM, HansHauge (31.66) wrote:

Canada has yet to be completely pillaged. I'm sure there's still more finds like this up there. As we become Mexico and Canada turns into the next USA.

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#3) On February 08, 2011 at 6:16 PM, XMFSinchiruna (27.50) wrote:

Hey Brick ... sorry I missed your blog post before. I'm busy today, but let me provide a brief comment.

I am positively giddy about these results. Blocks of continuous mineralization this vast, and clearly economic come along only rarely ... and the deposit remains open in multiple directions (meaning they haven't yet found where the thing ends). Indications from IP (induced polarization) mapping suggest that the mineralization continues to far greater depth (to at least 800m) means this thing could well evolve further into a renowned world class deposit. Deep drilling will be required to test that hypothesis.

The forthcoming resource estimate will focus only on the portions drilled to date, so will not include those depths below terminal depths of the holes recently reported. The market's reaction to these results was likely impacted by the indication of weather-related delays to the 2011 drilling program, but a 1-quarter delay means little to this long-term Fool.

 

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