Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Very quiet morning

It's a toss up as far as I'm concerned as to how may ounces will be included.

On one hand you have Canaco who drilled 110,000m on 400 holes and only has 721k indicated and 292k inferred to show for it around a grade of 1.4.

Then you have GNH who has drilled 30,000m over 2010-2011.

Then Bonterra just released this yesterday. BonTerra has defined the resource by spending approximately $3.5 million in under two years and drilling 13,919 metres of core. This has resulted in an inferred gold resource of 4,337,000 tonnes grading 3.53 g/t (1.0 g/t cut off) for 492,000 ounces of gold.


The good news is that it seems as though SGS is aggressive in their calculations. If they can figure out a way to make it work, I think they will.

The bad news is that I think a bit of GNH's drilling has been exploratory so that may not be able to be counted as much.

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