Sorry for the delay in posting a ‘Letters from the CEO’ for so long. It’s been an extremely busy time for GOOD Mining since the PDAC conference back in March.
To go along with the exploration camp set-up and build, preparation for the drillers arrival and prospecting the Northern section claims of the Bow-Mac properties and ground geophysics set up for the Golden Target zone, our student program is also a great success. Life at the exploration camp has been both exciting and grueling. The black flies, mosquitos, deer flies and horse flies are simply brushed aside by all of the staff and students in the excitement of the potential of the CanRee deposit.
We have progressed at a break neck pace to maximize the results we will achieve this season, in an attempt to get ahead of the commodity markets, which we believe are about to rebound over the coming months. We have now reached phase 3 of our exploration strategy on the CanRee deposit as diamond drilling has now commenced. As the CanRee outcrop has now been extensively prospected, new drill sites have been spotted to maximize our results and the goal of a proven and probable REE resource, while minimizing impact on the area with minimal line cutting and clearing.
Our Senior Geologist, Mr. Dennis Patron, P.geo, with geological experience in different parts of the world including here in Ontario, is very excited at what his observations and data are showing for this deposit. And as we anticipated, the gabbro hosting the REE’s we are seeking, showed throughout the first of 14 drill holes, down to a depth of 100 meters and beyond. This first drill hole is 200 meters North of the initial CanRee outcrop mapped last season as this deposit seems to be many multiples the size and depth originally estimated, now located within 4 of the GOOD Mining claims. Dennis worded it to me with a smile from ear to ear, in our last meeting on the status of his on-site exploration on the CanRee. “Frank, this is extremely exciting and a first for my career. This could in fact be a world class REE deposit from what I can see from our prospecting. Of course we will know for sure once the sampling from the drill cores starts to come back from the labs. But the new areas and the host rock appears to be disseminated with the same metallics as last year’s samples that showed the Scandium, Yttrium and other REE concentrations in the multi-element analysis. And we are also seeing on the CanRee, at surface and on the road clearing that has now been done, mixed syenite and mafic volcanics, altered with few mm scale quartz veinings, with potential for gold mineralization due to the presence of sulphides.” Dennis and I are very confident we will show very good REE consistency throughout the CanRee deposit. And just today, the first box of cores that came out hole 2 showed the mixed syenite and mafic volcanics as I described earlier, indicative of gold mineralization.
So we’ve added even more promising data on the CanRee with potential gold deposits there as well. This will go along with the coming Golden Target program slated to be drilled in late August after some pin pointing of anomalous zones for gold through a 50 meter grid magnetometer ground geophysics plan. This area is along the Golden Arrow fault line also being drilled by Murgor Resources and Victoria Gold Mines on their Golden Arrow project bordering our Golden Target project. All in all things are looking extremely GOOD as we proceed through this exploration season.
On a lighter note, aside from the rigors of exploration at these stages, camp life has been an experience to say the least. With our entire mining exploration camp located deep in the forest close to a lake stocked with Pickerel and Pike, bears and moose around, staff and students have experienced all of the goodness of wilderness living in a remote camp setting. Trips into the nearest town of Matheson, have been few by the staff, aside from Nicky who is charged with the duties of camp cook and bottle washer, along with her occasional helpers, Shawn and Sue, who have to stock up on supplies from time to time. Water for the camp is pumped up from the lake into drums, and used sparingly. Camp lodging is a few travel trailers and a couple of spare beds in the back of the core shack for visitors or contractors working for a few days. In the mornings, the sight of the sun coming up and shining on the camp outhouse is surely a sign you are in the deep woods! But this is the life I grew up with. My family was always outdoors and my Grandfather, who passed away some years ago, was one of the last commercial fishermen from our area, and as a child I remember helping him to clean the fish coming in. I also have three uncles who worked in the mining industry many decades ago. And my father taught me everything I know about project management, mechanical and construction for many years. So I guess I come about this life quite honestly. Hence the perfect fit for me in this industry of mining exploration.
Some ask how we do all of this from a remote camp in such a cost effective, quick, professional and organized fashion. Although I am a humble person, I tell them that I do not quit until the end goal has been achieved. It’s engrained in me. Our first university graduate student named Chen Hawkin Hwang from the University of Toronto, who we were sad to see go, wrote me a thank you letter. Here is a brief quote from his letter:
“I just wish to express my gratitude for taking me during the last two weeks. I had a blast and definitely learned a lot from Frank and Dennis alike. I had also witnessed perhaps the most hardworking CEO ever at work in the field. For that, I am humbled. Frank, you have inspired to me to pursue my goal with renewed passion. You truly are “Jack of all trades, master of everything.” I thank you for providing me the opportunity to work along side you and Dennis and everyone else at camp for the short two weeks that I was there.“
Humbling words. And the thing that drives me the most is the fact that we have a great bunch of people, friends, family and investors who are relying on us to succeed. We are making this happen through very hard work and perseverance!
President & CEO, GOOD Mining Exploration Inc.
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