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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More  |  Profile

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McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: Haulted today....

Joe_strummer
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Re: Haulted today....

in response to Haulted today.... by mccoydude
posted on May 06, 09 07:31AM

Not likely. Aquilon more probable, which is even better.

If GOG can follow up on the extremely high grade gold asssays over low widths then we may very well see an attempt at very low cost, low scale mining to capitalize on the the vlue of the gold content.

This is how mining was conducted at the turn of the 18th and 19th century.

Surface mining.

The really exciting aspect is that surface mining ( for the most part ) is mined out, it does not exist anymore, hence the exploits of modern mining exploration techniques and the mining of poyrphry deposits at 1gt cutoffs of 50 million ton deposits to generate a million ounces. Big big expenditures.

High grade mining just doesnt exist anymore, this is why Carrier and the gang may have a tiger by the tail as initial costs could be very low due to the extremely high grade of the gold content with potential returns to juicy to pass up.

GOG just has a little bit more to prove to justify the attempt.



Could be very good news. Fingers crossed

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