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   Gold/Mining/EnergyWolverine Exploration


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To: doubloon who wrote (167)11/12/2012 6:56:57 PM
From: Cup-rum
   of 173
 
Doubloon,
share your opinion; still, it appears that WOLV BoD takes a long time to learn their lesson ....
how about this one? saw this theory put forward for another "puzzling" exploration situation on another Cu/Ni exploration project:
The conductor (ore body or other) could be vertical. This might explain the "ghost" reading. A very strong vertical conductor (along with some other factors) could off-set the EM survey. A vertical structure would also make a more difficult drill target, and that would explain why the results of the drilling haven't confirmed the Strong EM readings. An accurate 3-D model will quickly prove or disprove this theory.
In any event, it appears JV will be necessary to get to the bottom of this....

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To: Cup-rum who wrote (169)11/12/2012 10:06:00 PM
From: doubloon
   of 173
 
I agree entirely. There have been very direct discussions with Abitibi Geophysics and they stand behind their findings. So a vertical anomaly could be possible or a large deeper anomaly that is casting a shadow upward is also a possibility. Bottom line is they need $1 million to do a drill program, so that is the plan, to bring in a joint venture partner. This property is far too important and the climate is not right to try and do this alone.

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To: Cup-rum who wrote (169)11/14/2012 10:33:37 AM
From: doubloon
   of 173
 
Here is another view of grid two, each I.P. slice is set one over the other so you can see the high chargeability at a progressive angle across the grid. There has to be some company out there that would want a 50% joint venture at a bargain basement price.


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From: doubloon12/21/2012 10:06:33 PM
   of 173
 
Rumors::: The CEO has been a prospector / mining development officer for 15 years, rumors are there is a brand new discovery.

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To: doubloon who wrote (170)12/28/2012 6:22:18 PM
From: Cup-rum
   of 173
 
also would have liked them to use more advanced geophysical methods (VTEM or ZTEM, see LBSR in Alaska) to validate & further enhance their understanding of what's in the ground. It just seems like WOLV management spent a lot of $$$ on drilling instead of delineating the most promising locations with different/more advanced geophysical methods first, and that happened three years in a row basically (2010, 2011 & 2012 drill campaigns). maybe it's time for some fresh blood at the top & a geophysicist more in tune with cutting edge geophysical methodology ?

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