I was at the show today and there was quite the buzz around KXL and SGX booths... ATV had a little bit. In short... I'm blown away... and exhausted. My adrenaline has been pumping all day. So here are the highlights.
I talked with Bill Chornobay, President for about 25mins and also Brian Maher, V.P. Exploration. Because the NR has not been released they were very careful with what they said but lots of directed comparisons. For instance: When asked about depth they said they didn't know yet but the Leich mine near by had a 150m exposed quartz vein and depth of 1400m and still open to depth. Wow...... we have 5km and counting.
I attended the private session in the hotel at 3:30. About 100 people showed up. Brian used the presentation on the website from Oct 1 plus several new slides. This will be updated sometime this week... after the NR. Note they have discovered 7 new veins starting from the road between the 1 km stretch between GM and Mario!!!! They accessed all of these veins from the road... Brian was almost giddy talking about this. Can you imagine if you helped build that road!
Everything about KXL is crazy big... note one of the new slides shows how much of the greenstone belt they control. It looks to be about 80 - 90% ... or as Bill said an area bigger than PEI!!!
All the bigs have approached them.
They have done 36 drill holes in 2007. As of the NR all the results except 9 will be released. So NR should have a lot of numbers. They have only gone down to a max depth of 70m. The purpose of this is to determine the direction of the down dip. That will set up their drilling program for 2008 to determine depth. They have already reserved 3 drills for all of 2008 and plan 40,000 - 60,000m of drilling for 2008!
They have expanded the channel samples from 365m to over 500m on GM. Results will likely be in NR. Average grade is > 20g/t with some absolutely spectacular intervals as noted on the Hercules photos.
I'll post some more stuff when I get time, but the message I took out of this is that these guys are there for the long term. Although nothing has been proven up. Historical values, results from simliar geology and surface grades certainly indicate "large" potential. Exciting days ahead...!!
So... I'm expecting a real gold rush on this stock once trading resumes. Good luck to all longs!!! Hopefully the market doesn’t tank on us!!!
