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Great stuff!!! Keep up the good work guys
Comment by Weatheritout80 — August 13, 2017 @ 8:04 am
Hi Jon. Could you please provide a differentiation between the euphoria of finding a new Voisey’s Bay Project by Equitas Resources a few moons ago and the new-born euphoria now with GGI!? What are the better preconditions that make you believe GGI does find a big deposit now that weren’t present at Equitas’ project?
Thanks a lot!
Comment by maikenders — August 13, 2017 @ 11:27 am
maikenders, Garland and Nickel Mountain should not even be included in the same breath; one (Garland) was a totally grassroots property with virtually no previous drill holes and little information to go on that Equitas took a wild stab at a few years ago in what they admitted was a swing for the fences; the other (Nickel Mountain) is a known historic deposit with world class tenor, 12 historical drill holes from surface that all intersected signficant Ni-Cu mineralization including 38 m grading 1.3% Ni and 0.79% Cu, in the middle of one of the richest mineralized districts in the world. The original discovery at Nickel Mountain has already been made – now GGI’s task is to drill into the heart of the system and define its extent (open in all directions). It’s growing increasingly likely, based on all the evidence presented, that the near-surface mineralization down to 122 m is the disseminated halo of a much richer system that begins at a depth of approximately 140 m to 160 m based on the recently completed VTEM Survey that was validated by the surface discovery at Anomaly A.
Tenor is certainly one of the keys – 4.8% to 8% Ni and 2.1% to 10.9% Cu, which means if the strong, broad conductor beginning around 140 m represents an accumulation of sulphides, as believed, you are certain to see exceptionally high grades…there’s no guessing about that.
Dr. Lightfoot says the E&L is in the top quartile of early stage Ni sulphide projects in the entire world…
The Nickel Mountain checklist lays it out…
https://e8d59e.a2cdn1.secureserver.net/wp-content/uploads/2017/08/Nickel-Mountain-checklist-Aug.-2.jpg
Comment by Jon - BMR — August 13, 2017 @ 12:10 pm
Also Maikenders I strongly believe that Kyler Hardy was very smart in the hype business.. raised all the dough and went nowhere..
was a planned execution I believe..
as Jon stated GGI has history on its side… Hardy??? had nonsense on his mind from day one…
Comment by Jeremy — August 13, 2017 @ 6:25 pm
Jon, when will we see the Sunday Sizzler?
Comment by Dan1 — August 13, 2017 @ 7:05 pm
Around 8:30 – 9:00 pm Pacific tonight, Dan1…
Comment by Jon - BMR — August 13, 2017 @ 7:50 pm
Any Comments?
Coffin Quote on GGI:
“There seems to be a lot of gabbro around that hasn’t been heavily explored which is good. Hopefully they have more luck chasing it to depth than Sumitomo did. Strangely, they don’t seem to mention that Sumitomo drove an adit about 400 metres downslope from the outcrops and carried out a bunch of underground drilling without a lot of success.”
Comment by diesel — August 14, 2017 @ 6:19 am
Well, diesel, I won’t comment with regard to Coffin’s research, or lack thereof, but Sumitomo’s work was reviewed extensively and the reasons should be well known as to why they had limited success drilling some holes from underground. We’ve also covered that extensively at BMR with comments directly on that issue from Lightfoot.
Anyway, perhaps Coffin also didn’t read GGI’s news release from October 14, 2016, when they immediately addressed Sumitomo’s underground drilling (see below from Historical Drilling).
The model that been put out on the E&L took into account Sumitomo’s work and also shows that the underground drilling completely missed the very broad area of the VTEM conductor immediately below the known historical zones. My personal observation, aided also by the analysis of multiple geologists but I won’t be as polite as them, is that Sumitomo had no idea what the hell they were doing when they drilled those 7 holes – one hole actually went right out the side of the mountain. They had no clue about the geometry of the system. They were drilling blind. If they had drilled blind at Voisey’s Bay, they would have missed that too.
GGI NR Oct. 14, 2016
Limited historical drilling
A total of only 19 drill holes tested the E&L half a century ago — 12 from surface (1965 and 1966) and seven from underground (1970). Trenching over the Northwest, Central and Southeast zones was also carried out. Almost all the surface drilling was focused on the Northwest zone where four diamond drill holes in 1966 totalling 342 m returned average grades of 0.85 per cent Ni and 0.67 per cent Cu. DDH66-3 was stopped at a depth of 121 m (the deepest hole drilled from surface) even though it encountered visible massive sulphides in the final metre of the hole (W.M. Sharp, PEng, November, 1966).
During the original discovery through backpack drilling in 1965, one drill hole was lost at approximately 28 m and graded 2.05 per cent Ni and 0.92 per cent Cu between 18 m and 27.5 m, with core recovery of just 67 per cent.
Four hundred fifty-metre adit of great value to Garibaldi
In 1970, Sumitomo Metal Mining Corp. drove a 450 m tunnel approximately 550 m due south of the E&L surface showings in an attempt to intersect the mineralized zones from underground. Seven drill holes from two underground stations tested for mineralization 390 m below the surface outcrop.
The gabbro host rocks were found to extend down to the adit level but only low-grade mineralization was intersected in the holes, inferring that the pipe-like structures plunged farther to the west than was originally assumed. Evidence supporting this theory comes from the final two holes in 1970 that started to trace the mineralization to the west. They were stopped before completion because of serious snow conditions which forced the closing down of the camp for that particular year. Since then, no drill holes have been completed at E&L, though the claims remained under ownership of Silver Standard until two years ago near the bottom of the recent bear market in the resource sector.
The historical adit is a huge bonus for cost-effective, strategic exploration through the application of modern geophysics, including downhole probes and potential fresh underground drilling.
Sampling supports historical values
Near the end of September, a Garibaldi crew carried out channel sampling over a section of undisturbed outcrop of magmatic massive to semi-massive pentlandite, chalcopyrite, pyrrhotite and bornite in the Northwest zone. Samples are currently being analyzed and results are expected this month.
Meanwhile, a total of four grab samples from three zones (Northwest, Central and Southeast) over 250 m returned values of 2.51 per cent Ni and 1.80 per cent Cu (Northwest, chip sample 2626), 1.13 per cent Ni and 1.09 per cent Cu (Central, chip sample 3697), 4.60 per cent Ni and 1.86 per cent Cu (Southeast, float sample 3695), and 2.55 per cent Ni and 2.04 per cent Cu (Southeast, float sample 3696). Garibaldi cautions investors that grab samples are selective samples and are not representative of the mineralization hosted on the property.
Comment by Jon - BMR — August 14, 2017 @ 9:16 am
Seems like the existing GGI adit will allow them access during the winter months to keep progressing.
Just waiting for GGI to light the fuse with a overdue PR.
Comment by Marshall — August 14, 2017 @ 9:42 am
All Good Jon,
just thought I would throw out some of his comments, he has more but really not worth mentioning.
Further clarification for all shareholders.
thanks.
Comment by diesel — August 14, 2017 @ 11:21 am
I’m glad you did, diesel, it just shows how the mainstream pundits and the masses are still behind the curve on this one…that’s good because that’s where a lot of future buying power is going to come from at the right time…
Comment by Jon - BMR — August 14, 2017 @ 11:31 am
Jon
I saw the comments by Coffin on CEO.CA also, sure seems like he is very softly bashing GGI, not the CEO but how they have put out the info so far… he obviously has not even read all of the NR’s or he would see like you pointed out above that they did cover the adit that Sumitomo drilled, so much misinformation out there by certain people that either have not read up on GGI or they are trying to mislead investors, I’m not sure why Coffin would even be on the GGI Ceo.ca thread in the first place…?? makes you wonder what his motives are, maybe after they hit on the first drill hole he will start recommending it to his subscribers..
Comment by Gregh — August 14, 2017 @ 1:35 pm
Jon
any idea who is taking done the latest PP at 46 cents?
Comment by Gregh — August 14, 2017 @ 2:01 pm
Wonder if they are raising more money to drill the A anomaly too?
Comment by Gregh — August 14, 2017 @ 2:07 pm
Jon, any guesses as to who took down the latest GGI PP? Also, what happened to the follow up alert?
Comment by Dan1 — August 14, 2017 @ 2:15 pm
We all know how highly allergic Regoci is to dilution, Gregh, so IMHO there is no way he would be doing this at these levels unless most of it (like at least half a million bucks) was being taken down by a MAJOR player, i.e., a Friedland, a Sprott, etc….if this is announced and closed on the same day, or closed tomorrow, it’s safe to assume it’s a big player…
Comment by Jon - BMR — August 14, 2017 @ 2:21 pm
Jon
I think you are right on with the big player has to be, otherwise why not wait until after the price is at the .70-1.00 range which it could be by now with just a little more promotion.. A anomaly chip results etc.
Comment by Gregh — August 14, 2017 @ 2:51 pm
Coffin +CEO. If you go back a ways you’ll see how and who started CEO and connect the dots. Networking for the ‘little’ guys as we get smarter and don’t hv to rely on brokers for details
Comment by david — August 14, 2017 @ 3:28 pm
Coffin commented on how Regoci does his NRs. Very dramatic, inferring action and then no follow through.Totally correct in my opinion.We will see if this time is different.
Comment by Paul — August 14, 2017 @ 3:30 pm