OGX 0.00% 0.3¢ orinoco gold limited

unlikely IMO from the first three holes Interesting comment Jim...

  1. 2,475 Posts.
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    unlikely IMO from the first three holes

    Interesting comment Jim are you fully comprehending -see below for consideration.

    IMO-OGX its extremely likely OGX will very soon prove its self to market that its more
    than a one tick pony.


    Don't obsess with cascavel alone- its potential is exciting of course & -revenue generation is
    welcomed & needed- though discovery through exploration adds in-ground value & widens scope.
    Make no mistake an additional significant discovery would see the share price rocket .
    DRILLING COMMENCES AT ANTENA - XUPE DEPOSITS
    For further between the lines comments if any holders interested that missed post over weekend
    Post #: 32738329-28/04/19.

    Is it interesting the depth that antenna is being Diamond Drilled ?
    11 holes -1600mts-Thats an average of 145 mts per hole !


    Look at the pit depths dug & mined by troy resources very shallow indeed
    check the depths in table below.
    The POG at the time did not justify expensive exploration -its just not even close to plausible
    that any miner would up & leave Antena -XUPE deposits in today's world with its known
    exploration potential with the current POG ( price of gold)
    Especially given the deposit has been determined as being OPEN IN ALL DIRECTIONS !
    Look at the comment Quote- some of the "most positive drill holes" intercepted ore
    that has not been mined yet,
    Opening the potential for remaining resources.

    Now look again at the results in the table below & ask a simple question,
    What are OGX referring to when they made that comment ?
    Given the price of Gold at the time imo its clearly refers to hole
    GVP-109 -28 mts with a16 mt intercept -wow !
    note the 2mts at 17.4 g p/t at 23m-25 mts depth.
    So OGX is D.D. 11 holes at an average depth per hole of 145 mts ?


    Column 1
    1 GVD214: 4.5m @ 8.12g/t Au (10.5m - 15m) inc 1.12m @ 25.73g/t Au (12.63m - 13.75m)
    2 GVD216: 3m @ 6.99g/t Au (0m - 3m) inc 0.97m @ 15.38g/t Au (1m - 1.97m)
    3 GVD220: 3m @ 8.31g/t Au (0m - 3m) inc 1.26m @ 12.75g/t Au (0.8m - 2.06m)
    4 GVD221: 5m @ 13.96g/t Au (0m - 5m) inc 1.68m @ 22.96g/t Au (0m - 1.68m)
    5 GVD222: 10.45m @ 6.25g/t Au (3.9m - 14.35m) inc 1.55m @ 14.01g/t Au (7.04m - 8.59m), inc 1.17m @ 14.47g/t Au (11.93m - 13.1m) [/SIZE]
    6 GVP100: 9m @ 8.85g/t Au (0m - 9m) inc 5m @ 14.03g/t Au (0m - 5m), inc 1m @ 26.64g/t Au (0m - 1m)
    7 GVP109: 16m @ 8.67g/t Au (12m - 28m) inc 3m @ 20.47g/t Au (13m - 16m), inc 2m @ 17.64g/t Au (23m - 25m) [/SIZE]

    HOLDERS imo need to focus on all aspects of the OGX portfolio as exploration potential
    is significant -why else do we think OGX-MGT have decided to pursue exploration as
    aggressively as they are ?
    Short answer is because of the potential to widen OGX's potential over & above of existing
    operations alone .
    TRY -clearly mined the shallow low strip ratio cream and it seems were
    not prepared to expand exploration at the time.

    Given the numerous at surface samples taken by OGX geo's ranging from as high as 54.9 g 9/t
    & a 70 kg sample that returned 13.7 g p/t & mineralisation trends being determined as
    being open in all directions clearly there is also scope for further shallow low strip
    ratio extraction as well -THANKS TROY !
    ironically I was invested in TRY at the time -bugger-( still am )

    JIM-"This is NOT wild card drilling" -OGX is well aware of mineralised trends & has
    applied more advanced exploration knowledge & technics NOT common when
    TRY mined these shallow pits -this increase's the probability of successful drilling
    intercepts experientially rather than only conceptually-as said this is NOT first round
    drilling into the unknown !-TRY mined successfully high grade.
    Hence I think your assumption that OGX will be lucky to get one good hole
    is misplaced .
    What of this comment was it absorbed by holders ATT it was made ?
    Quote;

    The deposit can be classified as classic Orogenic Gold and is regionally very similar
    to the Serra Grande Mine deposit (+5Moz)
    ,
    owned by Anglo Gold Ashanti in a Greenstone Belt in the same geological region-mmmmmm !

    We will know soon enough with these results from the first 3 holes now over due
    given its now been 7 weeks we could be receiving more that 3 holes.
    imo-gltah
    salt
    Last edited by Saltiga62: 29/04/18
 
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