tag:blogger.com,1999:blog-6272793377504221569.post5093633440130455922..comments2024-02-05T00:42:53.074-08:00Comments on Angry Geologist: GT Gold - don't sniff the SaddleThe Angry Geologisthttp://www.blogger.com/profile/04955645007432969022noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6272793377504221569.post-27718621519381980092018-03-13T17:01:37.836-07:002018-03-13T17:01:37.836-07:00would the upside cap you speak of be at 0.84 ?
wha...would the upside cap you speak of be at 0.84 ?<br />what if a major steps in for funding?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-30514415790458601432018-03-05T11:27:38.574-08:002018-03-05T11:27:38.574-08:00Perhaps I should splain a tad further. Much of the...Perhaps I should splain a tad further. Much of the PPers likely already have free trading paper. They subscribe into the PP and can effectively replace their old paper with new and improved 'tax assisted' paper. Naturally everybody has the same idea and SP sinks to the point where it's not profitable any more. This is a massive large swack of dilution any way sliced and that is never good. Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-36532316945366431022018-03-04T20:26:43.464-08:002018-03-04T20:26:43.464-08:00$ .84 flow through is ACTUALLY around $ .40 after ...$ .84 flow through is ACTUALLY around $ .40 after tax cost to the PPers. ALL the dough is restricted and ALL needs to be peed away in full this year. That's a massive large swack of rock bottom dilution in 12 months, and guess what, these boys aren't in really in the rock business any more, they are in the tax avoidance business. Upside is effectively capped for an extended period.Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-1443354063339225542018-02-26T10:55:29.677-08:002018-02-26T10:55:29.677-08:00Raising 6.5 million at 84 cents flow through. Over...Raising 6.5 million at 84 cents flow through. Over 9 million in cash for 2018 exploration and drilling. GLTA!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-77418570390892878942018-02-23T09:02:42.620-08:002018-02-23T09:02:42.620-08:00My comment referred to the fact that part of the S...My comment referred to the fact that part of the Saddle South anomalies are being drawn on the map but they actually cover steep slopes where 'bleeding' of the upslope veins/minz occur (see p 8 of their presentation). I won't get into details here as it is not worth our time. Their only chance here is to prove some kind of minz continuity that will allow them to do a mineral resource estimation for U/G mining. If they manage to do that then they can build a mine up there even if they would end up having <1Moz.<br /><br />Saddle North is on flattish land and those anomalies are legit. You drill the best anomalies you find the mineralized porphyry which generates the strongest geochem signal. You drill adjacent to it (lesser anomalies) you'd find the associated veins surrounding the Cu-Au intrusion. As witnessed by your aforementioned hole. These kind of veins could be found kms away from the main intrusion that has generated them therefore I am expecting them to find more of these. The problem is if they are economic to mine - individually or bulk mining. Later. dan oanceahttp://www.miningandmoney.comnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-52174393683050098062018-02-22T22:31:52.027-08:002018-02-22T22:31:52.027-08:00I checked your Cu file. It's Saddle South, rig...I checked your Cu file. It's Saddle South, right? Indeed there is some copper in there as well. Later.dan oanceahttp://www.miningandmoney.comnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-80003243303107335562018-02-19T09:37:49.597-08:002018-02-19T09:37:49.597-08:00The met comps are ground to 100 μm and then a bott...The met comps are ground to 100 μm and then a bottle roll. But to build a mill and vat leach out there will take a pretty good size deposit (I'd think well over a million ounces). Highly presumptive at this stage. So that's why more likely it should be evaluated for now as a potential low grade open pit crush and heap leach operation. With that they could have more copper in the leach pad to Brent's point because the comps are only vein material (whereas some of the zones also contain dykes and veins carrying copper). Also they wouldn't be grinding heap leach material to 100 μm ... so in effect the prelim met work may not be very relevant.Tom Szabohttps://www.blogger.com/profile/14556411767867670182noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-50761304101713913782018-02-18T15:37:12.295-08:002018-02-18T15:37:12.295-08:00Angry,
Thanks for the offer but don't need it ...Angry,<br />Thanks for the offer but don't need it now. Interesting project and good disclosure so that is a positive. BBrent Cookhttps://www.blogger.com/profile/17997144404185800446noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-39633092805774555542018-02-17T20:17:17.466-08:002018-02-17T20:17:17.466-08:00Hello Dan,
The North Saddle soil anomaly is down ...Hello Dan,<br /><br />The North Saddle soil anomaly is down slope as well, but I was surprised by the number of structures hit in hole TTD057. Essentially, we are getting into a circular argument -we don't know if there is gold in these areas until they drill it, and they represent the most 'obvious' places to drill.<br /><br />Regarding the copper - I included the met section as according to the samples sent, they were getting good (~80% recovery). so it appears to be (unless the met samples were biased) a minor (or localised) issue.The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-87849245910993556362018-02-17T20:12:32.343-08:002018-02-17T20:12:32.343-08:00Hello Brent,
There is some Cu in the system (I...Hello Brent,<br /><br />There is some Cu in the system (I've uploaded a Cu LF view - the link is at the end of the post), and I had initially thought that this would be an issue, with the release of the recovery results, it didn't seem to be an issue.<br /><br />In the South Saddle, the veins are close enough together to potentially be bulk mined, but outside of the North and South Zones, the number of veins decreases significantly, and more drilling will be required to see if they can define some high-grade zones.<br /><br />If you want, I'll send you the entire project or just the DH data and you can have a play with it.<br />The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-67251551432547104752018-02-17T18:33:56.843-08:002018-02-17T18:33:56.843-08:00I wrote about this back in 2016. I said that gener...I wrote about this back in 2016. I said that generally speaking hi grade soil samples (poorly developed soils) won't necessarily translate into a hi grade mineral resource. And that the mineralization looks discontinuous (i.e. no U/G mining for them). And, the Saddle South is hosted by a mountainous ridge so it has limited lateral expansion potential. I also wrote that it doesn't seem to be open down dip (<250m below topographic surface i.e. the mineralized interval). And that if lucky it will be a low grade open pit mining operation but the deposit would be small and most likely won't make economic sense to develop it. My second article noted that the newly identified porphyry copper-gold mineralization is low grade (not economic) and unfortunately for them won't help with the economics of the project. I think that there is some potential for expansion but limited (TAG, the extremities of those anomalies at Saddle South are downslope from the ridge, so ...) . These types of gold-silver veins/stockwork that they are intercepting at Saddle South are probably on the epithermal side and not mesothermal and copper-rich so (probably) they should have no problems with the copper (because Brent is right that copper is a known cyanicide). dan oanceahttp://www.miningandmoney.comnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-13238629490014008222018-02-17T07:10:18.292-08:002018-02-17T07:10:18.292-08:00There is Cu in the system and that may impact reco...There is Cu in the system and that may impact recovery more than the average recovery indicates. Probably worth digging into that if you think a 1.xg/t deposit works there. IMO it will take HG veins and going UG to make a mine here, and so far they seem rather busted up.Brent Cookhttps://www.blogger.com/profile/17997144404185800446noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-16620936162890522042018-02-16T17:03:29.603-08:002018-02-16T17:03:29.603-08:00I'kl be interested to see GT gold's focus....I'kl be interested to see GT gold's focus. I want them to run a regional program and maybe start to do some work at Pass Gossan zone.The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-56287892013258314362018-02-16T15:59:42.401-08:002018-02-16T15:59:42.401-08:002018 will tell the tale and GTT is a good gamble a...2018 will tell the tale and GTT is a good gamble at 65 cents IMOAnonymousnoreply@blogger.com