Newstrike Hole 35
Hole 35 contains 208m of .93 and 2.8 silver with a spectacular high grade interval of 2 feet of 2 OUNCES gold as well as many other significant intercepts
looking at hole 35, (overlooked by many i feel) the Breccia is encountered at the bottom of the hole and as it states in the NR it generally runs parallel to the fabric of the host rocks but it is unexplained at depth. It is open in 3 directions North, South and at depth. Looking at the orientation in the section it would also seem to outcrop about 800m to the east! Im betting more holes to the east are planned if not already underway!
Thanks for posting!
If there is any geological team that knows the GGB mineralization, it’s ours.
As the understanding of the geology increases with each hole, I think it is only a matter of time before systematic exploration reveals the true extent of the mineralization. Hole #35 gives a glimpse of what could lie to the east (virgin ground).
I’m guessing there are several more complex breccia zones that will be discovered along strike going both north and south potentially on both the eastern and western flanks, we only have to sit and wait (actually harder than it sounds 🙂 ) as drilling progresses. How many more holes like #37 will surface?
Judging by recent insider action, who knows, maybe they have already found one in the most recent holes 40 – 46?
Cheers!
Caliche what do you think the share price should be at exit….and when would that exit time be?
comparison with torex gives us a relative price of between 7 and 7.50 per nes share..i have always had a figure of between 4 and 5 in mind to start booking profits. if we find more than 3 million ounces the sky is the limit..of course if a buyout occurs we will have to see at that point.. Lundin always gets full value for his deals.. i should think this is no diffrent
Hola Caliche! Just joined your web site. I have benefited from NES shares since early in your SI.ca recommendation. Your history of openess and substance finally made me join your site.
Much continued success! As I have noted before, I bought Cayden as well and I noted it had a fine day on Friday.
I wish you nothing but continued success! Respectfully … Dorinho
welcome dorinho!
thanks for your kind words and congrats on cayden.. maybe i can swap some NES for it EVEN this week!
I am surprised there have not been any comments on Socalbernie’s post on Stockhouse. The VP of operations saying they hope to have the first ingot in 2013 seems to say they are going into production. What do you think Goldfather? Seems this is exactly what we have talked about?
Good Catch Mallard. I didnt see it. But whos the Producer. Ole-IAG…Implies Ole. Arent they on a Time Lime to start Producing? How long does a Mill-Plant take to build ? Use Teranga’s Mill while they build their own?…. all I care abt is the SP….
OLE as Producer? Below is from a French Article. Not that surprising really…. just a surprise coming from an Ole Exec. Gives them over 2.5 years of the 2013 comment,,, and they are on a Govt Deadline to start making money, employing citizens, paying taxes etc… could evry well be Lip Service by SY.
……….Another important project for Senegal, the Golouma, whose concession is held by the consortium Oromin Joint Venture Group. 44 tonnes confirmĂ©es (1 millions 400 000 onces de rĂ©serve). Confirmed 44 tons Abdou Aziz Sy, vice-prĂ©sident d’Oromin chargĂ© des opĂ©rations au SĂ©nĂ©gal. “We hope to produce the first ingot current 2013” said Abdou Aziz Sy, Vice-President for Operations Oromin in Senegal. The manager said that Golouma combine open pit and underground mining … a first for the gold industry in Senegal
I think it took Teranga a year from the begining of construction. I am not sure about a time line to start production but if they can get ownership consolidated and investors know the property is going into production, would this add value to OLE? What does Caliche think? As a matter of fact, my wife ask all the time, what does Caliche think?
Hi Guys, you give me all to much credit, what i think has little influence on OLE i wish i had more we may not be in the mess we are in with that one..
as i remember mdl has landworks being built (dams and pads etc) 2 years before production. It took at least one year for the dams to fill enough to begin production. Im not sure where they are on that front but 2 years ie 2013 is possible
and yes excellent catch socal and mallard.. i would monitor the senegalese papers for mention of oromin all the time..
crazy days with gold fluctuating wildly today.. my pf got a haircut thats for sure..
hope everyone is well and congrats to the US for a job well done!
Compadres!
A la Caliche … buying Cayden even up with NES … LOL … interim goal after the next NR! After that then Goldcorp, eh?
Kudos to Seal Team Six et al .
BTW: couldn’t help but notice that Dr. Craig Gibson is on the the NES team. Always liked Gibson’s work but I note his bio does not include the EXmin fiasco con Senor Boltz??!