The big, fierce black dog is made to glow in the dark using phosphorus, chases a man, who runs in great fear and dies of an apparent heart attack?
ohh, crap, that was Peter George's crowning glory with "potential to host 40-90Moz of gold" (link, link and link).
So, you have a project and a company (the faces have changed but the name is the same) that had been pulled through a river of crap over a dodgy technical report. You would think that they would be extra specially good, and they wouldn't do some massive grade smearing, from a few narrow,
|who ruined that picture of a gold sample with some yucky gurl's boobs?|
*gfg = geologist's fantasy grades - think of these as Scarlett Johansson** - she exists, but there is no chance you'll ever date her, but you'll be happy to sell your mate's testicles just to have the opportunity to lick her armpit
**some people may not like SJ, they are probbaly the same people that say "I prefer silver over gold". They are wrong, and should be immediately disowned.
Holy shit, they've just raised $12.5m by flogging a 0.75% NSR on a Cariboo to Osisko.
|that is one expensive Ungulate, i'm guessing that Osisko bought the balls...|
Sweet holy jebus, 54.4m @ 19.2 g/t Au - that is US$800/tonne rock, let's start mining now...
Let us look beyond the Uber-high grade intervals, like:
- 0.5m @ 272 g/t Au
- 0.85m @ 760 g/t Au
- 0.5m @ 64.2 g/t Au
- 0.5m @ 42.8 g/t Au
- 1.5m @ 65.4 g/t Au
- 1.15m @ 15.8 g/t Au
and look but what is the grade for the other 49.5m that they don't report? What does that run?
2.5 g/t AuYes-sirree, just a teeny weeny 87% drop. I mean, that is still a decent result, but it shows that 87% of the gold is in just 9% of the drill-hole.
Look at the moose, 9% is equal to it's back legs.
Grade smearing is endemic in exploration companies, heck, why didn't they make it 1044m @ 1 g/t for shits and giggles?