AGM results and comment re Garrison 6 holes.
posted on
Apr 06, 2011 01:01PM
Edit this title from the Fast Facts Section
Re Mar.31 Report of 6 holes drilled at Garrison.
These holes show that there are very valuable veins in the resource, however the long intercepts:
GAR-10-43 with 293.0m grading 0.54
GAR-10-44 with 292.5m grading 0.60
and GAR-10-50 with 287.0m averaged an uncut grade of 0.47 g/t Au are not yet practical to exploit even with current gold prices, energy costs take away pluses from metal price. (Currently 1 gram Au represents about $50.)
Note: GAR-10-46 Intercepted lenght of 284.6m, averaging 1.62g/ton. This shows not only the best vein but is itself as a whole very desirable resource.
So do not get too carried away with the fractional gram deposits BUT do with the rich veins and GAR-10-46. Anything with a 1 gram per ton is a desirable asset even with the costs of energy going up.
I am pleased with these drill results.