RE: Assays6 Aug 2018 14:18
That RNS looked to be as if they have stumbled across something very interesting.
‘Drill hole M2-041 is currently at 1,503 feet (458 metres). The last 200 feet (61 metres) has encountered multiply-silicified quartz-magnetite, hydrothermal breccia’ - Gold and Iron give a strong relationship and is almost always associated with Iron (Magnetite). When gold is panned, black sands will be found among the fine gold that is generally comprised of hematite and magnetite.
Also note Gold veins often form within quartz rock and it is certainly an indicator to look for. However Quartz just by itself is not a necessarily a great indicator for Gold presence as it is one of the most abundant mineral on the Earth’s surface.
Also note presence of Quartz is a good indicator in areas of known Gold presence. In this case it is as GWMO have mentioned of gold found already.
Its all looking good esspecially buying extra 30% acreage. One of the reasons I have topped up regularly. If it drops to 1.30 ask, i will be buying a few more but i doubt it will now.