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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

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Message: Some info from Been There

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glorieux

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Some info from Been There

posted on May 22, 08 03:51PM

An intersect from 80 to 90 meter on a 60 degree hole is a 70 - 80 meter DEEP intersection which is well in the ballpark of the accuracy of interpreting geophysics. Estimating the depth and horizontal position of an anomaly is a very imprecise science with a degree of hocus pocus thrown in (the interpretation of the results).

They may still hit another intersection in the targeted 100-150 meter depth but I suspect the anomaly will be explained by the massive sulphide horizon they already hit.

12 meters of massive sulphide would given a very strong response. If it is a VMS deposit the good thing is that they tend to have both length and depth so there is some real tonnage potential. Assuming no major faulting/displacement they also tend to be fairly easy to delineate.

The guys and gals that hold WSR/MTX should be happy campers over the next month or so as the results come in.

.... Been There (but doesn't hold either stock)

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