Hole Drill
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AVF ES250B-T Wall Mounted AV Component Shelving System with 2 Adjustable Tempered Glass Shelves (Black) $29.99 AVF – ECO Double AV Component Shelving System (Black) ES250B-T is designed for use with DVD players HD recorders cable boxes and other AV equipment. Shelves are constructed out of tempered glass and are height adjustable. It saves space and neatly organizes and es with a 2-year limited warranty. Great for use in bination with any Flat Panel TV Mount… |
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KidCo Stairway Gate Installation Kit (K12) The beauty of todays homes is the diversity of designs and materials used for stairways, room openings and doorways. Because of this, the installation of child safety gates can be difficult since a one size fits all gate design does not exist. In the Stairway Gate Installation Kit (Model K12), KidCo has assembled the materials and fasteners necessary to properly install any child safety gate to st… |
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Drilled Rubber Stopper (Carboy Bung Sets of 3) $0.70 This is a drilled tapered rubber bung for a better seal and holds the airlock securely in place. A curved lip stops the bung from accidentally falling into the carboy. All three rubber stoppers are the same size and easily fits all 3, 5, 6 and 6.5 gallon glass carboys. These stoppers do not fit plastic carboys or plastic water bottles…. |
Valgold’s Targets of Convenience Pay Off, Drilling Ongoing at Mochila
When ValGold’s team of more than thirty exploration experts first hit the field in northern Venezuela a year ago, the company planned to prove up a reasonable sized resource just north of Crystallex’s Tomi Mine. Assay results from 2007, coupled with historical drill results from previous property owners, now suggest that ValGold has completed the first big step in achieving that goal.
The geology of this area is an ideal host for large gold deposits, as was evidenced by the property’s two former operators, including Gold Fields, who were the first to use systemic drilling at ValGold’s Increible 3 concession. This summer, ValGold repeated the former owners’ success, with drill results reported from the company’s “targets of convenience” just last week.
In a conversation with VP of Exploration Tom Pollock and Investor Relations Officer Jeff Stuart, the two explained the significance of expanding the known limits of Los Patos. They showed me several maps detailing the geological and geochemical aspects of what they suspect may be an initial resource in the order of 200,000 ounces of gold.
“Notice that Los Patos is on the Los Chivos shear zone in Increible 3,” Stuart pointed out that these formations are just north of Crystallex’s Tomi Mine, which ships its ore to its nearby 1,350 tonne per day mill, too. The drill holes completed by ValGold this summer are in an orderly, grid-like pattern. Distributed in a heavy line across one map, red patches indicate anomalous areas of soil geochemistry high in gold content (between 400 and 800 ppb).
“Next, look along the shear zone to the west. You’ll notice that Gold Fields only poked a few holes here and there, very short holes too, right in the center of the strongest surface geochem, no matter what the underlying geology suggested. They were just drilling a hole or two and hoping to get lucky.”
The failure of Gold Fields to find a viable resource at Los Patos is a classic gold exploration tale of late 1990’s: The price of gold plunged and the value of foresight – the project had some excellent grades – was not enough to forestall termination. It was too pricey a venture to continue. However, Gold Fields did establish much in the way of useful geological footprint of the area.
The Los Patos gold occurrence was ValGold’s first target this summer. When measured against the potential of the company’s other targets in Venezuela and Guyana, the Los Patos gold occurrence was considered an appealing target, but also one of convenience. The company chose Los Patos to start its South American drill programs because of excellent mineral potential, but also open terrain, easy access, and close proximity to a number of operating mines and mills. With drills, personnel, and infrastructure in place, Los Patos was an ideal warm-up for ValGold’s aggressive exploration program in the Guyana Shield.
The results didn’t really show a lot we didn’t already know,” Stuart said. “They did give [the stock] some volume, and the knowledge that we have a deposit that hasn’t reached its limit.”
Stuart says that most of the check assays are pending on ValGold’s Los Patos drill program, and that the company is so far pleased with the results. “A lot of people never find an economic deposit. Since it’s our first drill program here we’re really happy. The next step will be to announce an indicated resource. In the meantime, we’ve just begun drilling on one of many occurrences at the Mochilla Lineament, which is our primary target in Venezuela. Our business plan is on track and we have many loyal investors who love our story, so things are looking great.”
“Let me put it this way,” Stuart said. “We had two brokers with many years of mining investment experience in our offices this morning wanting to finance us. They looked deep into our data set and stopped us halfway through our pitch to say they wanted the next financing in its entirety. So, yes, we’re really happy.”
Los Patos is located within the Lo Increible 3 concession approximately 20 km northeast of the town of El Callao and 4.5 km northeast of Crystallex’s Tomi gold mine, which in 2006 produced 41,638 ounces at a cost of $175 per ounce. It is one of several gold occurrences found along the east-west striking, 6.8 km long, Los Chivos Shear Zone, all of which is 100% owned by ValGold.
Previous drilling by Gold Fields at Los Patos penetrated a 160 metre-long mineralized zone which varies from 8m to 27m in width and which has a weighted average grade of 1.03 g/T Au.. The 19 trenches excavated in this area, each 40 metres apart, returned grades of 52 metres at 1.81 g/t Au and 32 metres at 1.16 g/t Au, for example. From 1994 to 1999, 151 diamond drills holes totaling 15,431 metres were used to test and further define targets.
The new round of diamond drill holes completed last July consisted of 35 holes for a total accumulated length of core of 9,318 meters. Twenty-eight of the boreholes targeted the main Los Patos gold zones; the remaining seven tested three satellite zones within the concession. These holes outlined up to five parallel zones of mineralization which when averaged with the intervening lower grade material gave zones up to 58.0 metres wide assaying 1.27 g/t gold, almost 100% true width. Assays included 4.75 g/t gold over 17.0 metres and 3.98 g/t gold over 36.0 metres in holes LI307-07 and LI307-11. The gold zone here remains open in all directions.
To the south of the La Increible concessions is the Mochila Layered Complex, which has the potential to host a much larger ore body. These properties are in an isolated tropical jungle area about 30 km west of the major Grand Sabana Highway that connects the towns around southeast Venezuela with Brazil. Access is best served by using either helicopter or river boats.
Tom Pollock, who is ValGold’s VP of Exploration, told me that the Mochila exploration program is going to be much more exciting than the potential economic resource the company is hoping to define at Los Patos.
“This is a big structure, with many gold occurrences that we know of – they’re almost everywhere,” he said. “Nearby is Las Cristinas, with proven and probable reserves of 17 million ounces of gold, measured and indicated of 21 million ounces of gold… it’s huge. The geology is right here.”
Pollock and Stuart agreed that little exploration work has been done in the area, which explains the dearth of existing data for Mochila. “The Chicanán concessions cover some 750 square kilometers, with gold occurrences discovered on each concession. There hasn’t been a large one found yet because it hasn’t seen the exploration – all the indicators are there, it just needs the work.”
Stuart added, “The reason no gold has been found is simple: Only 200 m have been drilled so far.”
ValGold’s drill program on Mochila started in mid-September. The company plans an initial minimum 5,000-metre drill program consisting of approximately 15 to 20 holes. Drilling will focus along the upper contact of the middle gabbro unit and along the Mochila Lineament particularly where there are gold soil anomalies and/or artisinal workings. The total length of these two linear features is in excess of 7,000 metres. The company expects the first phase of drilling to take approximately two months to complete with assays in hand by the end of the year.
“It’s a very large area with many number of strong gold soil anomalies that have never seen drilling,” Stuart noted.
Strong targets and an excellent exploration team may mean early success, but ValGold’s Mochilla program is about depth: It is best for investors to look at the Mochilla Lineament as having multiple strong targets that may take a few years to explore, drill, and define.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
About the Author
Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www.resourcex.com
And, of course, ebay is a great place to find items:
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HOLE SAW KIT 3/4″ – 5″ Diameter SET of 16 pieces + CASE Drill Bit Mandrels – NEW $0.99 |
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45mm Diameter Triangle Shank Hole Saw Tool Drill Bit $6.38 |
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Triangle Shaft 40mm Dia Hole Saw w Twist Drill Bit Kit $10.34 |
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22MM Metal Hole Saw Set Hex Wrench Twist Drill Bit Tool $6.89 |
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Iron Cutting 25mm Hole Saw Hex Wrench Twist Drill Bit $7.41 |
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Triangle Shank Twist Drill Bit Iron Cutting 26mm Dia Hole Saw $12.93 |
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53mm Dia Twist Drill Bit Inside Alloy Cutting Hole Saw $15.93 |
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Twist Drill Bit Cutter Red 55mm Diameter Red Hole Saw $9.02 |
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Metal Working 26mm Cutting Dia Drilling Hole Saw Cutter $5.98 |
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Alloy Hole Saw Cutter Drill Bit 48mm Diameter for Wood $6.96 |
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1/4″ Pilot Twist Drill Bit 1 1/4″ Hole Saw Set w Wrench $10.81 |
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Alloy Cutter Hole Saw Drill Bit 20.5mm Cutting Diameter $4.48 |
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45mm HSS New Twist Drill Bit Hex Wrench Hole Saw Tool $11.15 |
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2 Pcs 20mm High Speed Steel Metal Hole Saw Drilling Bit $6.91 |
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HOLE SAW KIT 3/4″ – 5″ Diameter SET of 16 pieces + CASE Drill Bit Mandrels – NEW $0.99 |
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16 Pc Titanium Forstner Drill Bit Set Hole Saw Wood Boring Auger Woodworking New $47.25 |
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Iron Cutting HSS 40mm Dia Hole Saw Twist Drill Bit w Hex Wrench $17.13 |
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Diamond Tipped Glass Hole Saw Drill Bit 95mm Diameter $13.85 |
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Metal Working Twist Drill Bit 48mm Cutting Dia Hole Saw $9.16 |
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Diamond Tipped Tile Marble 6mm Hole Saw Drill Bit 4 Pcs $4.94 |
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Twist Drill Bit 3 Flat Shank 26mm Hole Saw Metal Cutter $5.99 |
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5mm Dia Drill Bit 21mm HSS Metal Hole Saw Cutting Tool $8.26 |
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Diamond Tipped Glass Drilling Hole Saw Cutter 120mm $14.11 |
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Glass Diamond Coated Hole Saw Drilling Tool 65mm Dia $9.51 |
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33PC Hole Hollow Torx Star Hex Security Tamperproof Screwdriver / Drill Bits $4.70 |
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9mm Cutting Dia Diamond Tipped Glass Hole Saw Drill Bit $3.15 |
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95mm Metal Twist Drill Bit Hole Saw Tool w Hex Wrench $34.77 |
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3 pc DIAMOND TILE GLASS MARBLE HOLE SAW CORE DRILL BIT $12.59 |
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KLEIN TOOLS 53547 Carbide 1″ Oil Tight Hole Cutter Drill Bit NEW $29.95 |
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26mm Cutting Dia Twist Drilling Bit Metal Bore Hole Saw $5.63 |
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22mm Diameter Marble Tile Slate Drill Hole Saw Bit Tool $5.07 |
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3 PC “TITANIUM” STEP DRILL BIT MULTIPLE HOLE 28 SIZES $9.99 |
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Marble Sintered Diamond Tipped Hole Saw Drill Bit $7.10 |
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QEP Adjustable Carbide Hole Drill for Cutting Holes from 1-1/2″ to 6″ Diameter $9.99 |
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Metal Hex Wrench Twist Drill Bit Hole Saw Set Tool 20mm $5.19 |
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Hex Wrench 14mm Sharp Twist Drill Bit Hole Saw Set $4.45 |
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Adjustable Pocket Hole Jig Wood Screw Drill Bit Kit $44.99 |
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Hex Wrench Triangle Shank 22mm Hole Saw Twist Drill Bit $7.64 |
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DEWALT DW1787 STEP DRILL BIT 10 HOLE SIZES NIP LENNOX $50.99 |
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Hex Wrench Triangle Shank 22mm Hole Saw Twist Drill Bit $8.19 |
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3.5 Inch Hole Saw Cutting Drilling Tool for Glass $11.62 |
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Diamond Particles Coated Drill Bit 22mm Dia Tile Glass Hole Saw $4.61 |
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HOLE SAW KIT 3/4″ – 5″ Diameter SET of 16 pieces + CASE Drill Bit Mandrels – NEW $0.99 |
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6mm Twist Drill Bit 50mm Cutting Dia Bimetal Hole Saw $10.30 |
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18mm Dia Triangle Shank Hole Saw Tool Drill Bit Cutter $4.07 |
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30mm Dia Diamond Coated Marble Tile Drill Hole Saw $7.58 |
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Red Black 45mm Diameter Metal Hole Saw Drill Bit Tool $6.38 |
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Triangle Shank Twist Drill Bit 63mm Diameter Hole Saw $14.90 |
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16mm Hole Saw Iron Cutting Hex Wrench Twist Drill Bit $5.88 |
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Iron Hex Wrench Twist Drill Bit Hole Saw Tool Set 48mm $11.70 |
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42mm Diameter Hole Saw New for Electrical Drill Machine $7.77 |
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Tungsten Carbide 1 5/16 inch Hole Saw Professional Quality Heavy Duty Drill Bit $22.23 |
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70mm Dia Hole Saw w Twist Drill Bit L-shape Hex Wrench $20.38 |
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Iron Cutting HSS 22mm Dia Hole Saw Twist Drill Bit w Hex Wrench $11.44 |
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Milwaukee Ice Hardened Bi-Metal Hole Saw Kit 13-Piece drill bit arbor $46.00 |
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5 pc DIAMOND TILE GLASS MARBLE HOLE SAW CORE DRILL BIT $24.29 |
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17mm Cutting Diameter Twist Drill Bit Bimetal Hole Saw $5.03 |
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18.5mm Diameter Drill Bit Hole Saw for Alloy Cutting $4.33 |
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Marble Tile Glass Diamond Hole Saw Drilling Tool 24mm $5.42 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $25.60 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $25.08 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $20.82 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $18.69 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $18.91 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $23.88 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $15.38 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $19.54 |
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Large 5 ~ piece Diamond Hole Saw Drill Bit Set 1/2″ ~ 1 3/8″ GRANITE GLASS TILE $19.71 |
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Twist Drill Bit 3-Flat Shank Hole Saw for Alloy Cutting $8.00 |
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20mm Dia 5mm Drill Bit High SpeedS teel Metal Hole Saw $7.34 |
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Twist Drill Bit 3 Flat Shank 38mm Hole Saw Metal Cutter $5.99 |
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35mm Metal HSS Hole Saw Twist Drill Bit w Hex Wrench $11.51 |
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Twist Drill Bit Red Triangle Shank 18mm Hole Saw Tool $4.52 |
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Lot of Misc Twist Drill Bits Hole Saw BluMol Irwin Makita $9.99 |
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NEW~BLACK AND DECKER FORSTNER BIT FOR WOOD~12mm.DRILL PRECISE HOLES~PROFESSIONAL $18.47 |
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IRWIN 10234CB COBALT UNIBIT #4 STEP DRILL BIT 12 HOLE SIZES *NEW IN BOX!* *LOOK* $32.98 |
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5 pc Diamond Drill Hole Saw GLASS TILE Slate Ceramic $35.99 |
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5 DIAMOND TILE GLASS MARBLE HOLE Saw LARGE Drill Bits $33.29 |
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Twist Drill Bit 50mm Diameter Cutter Bimetal Hole Saw $8.48 |
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Diamond 16mm Hole Saw Drill Tool Black for Concrete $7.43 |
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Drill Bit 30MM Metal Cutting Hole Saw Set w Hex Wrench $7.57 |
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Cement Stone Wall Drilling Tool Metal Hole Saw 75mm Dia $25.91 |
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Large 5 pc Diamond Hole Saw Drill Bit Set 3/4″ – 1 5/8″ $29.99 |
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Hex Wrench Triangle Shank 19mm Hole Saw Twist Drill Bit $6.88 |
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Twist Drill Bit Hole Saw Cutter Kit 25mm Diameter $6.73 |
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Drilling Tool 25MM Hole Saw Twist Drill Bit Hex Wrench $9.02 |
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0.63″ Drill Bit 120mm Long Red Metal Hole Saw Set for Drilling Wood $28.44 |
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Carpentry 11 in 1 Black 9mm Shank Drill Bit Hole Saw $20.75 |
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16 PCS Forstner Drill Bits Wood Drillings Bits Saw Hole Cutter New FREE SHIPPING $32.89 |
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Triangle Shank Twist Drill Bit Iron Cutting 42mm Dia Hole Saw $18.27 |
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Iron Hex Wrench Twist Drill Bit Hole Saw Tool Set 48mm $9.92 |
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35mm Dia Twist Drill Bit Inside Alloy Cutting Hole Saw $10.18 |
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6mm Dia Drill Bit 40mm HSS Metal Hole Saw Cutting Tool $8.37 |
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MINIATURE DRILL BIT INDEX SIZE .3 – 1.6 mm SET FOR SMALL HOLES MODEL RAILROAD $3.60 |
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65mm Diameter Metal Twist Drill Hole Saw Cutter Tool $10.96 |
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13 Pcs Hole Saw w Twist Drill Bit Set Tool for Woodwork $36.01 |
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Vintage Irwin 22A Adjustable Wood Drill Bit Hole Cutter $20.00 |
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60mm Hole Saw Cast Iron Cutting HSS Twist Drill Bit $8.50 |
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53mm Hole Saw w Twist Drill Bit Hex Wrench for Drilling $13.70 |
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Carpentry 8 in 1 Black 9mm Shank Drill Bit Hole Saw New $27.15 |
Drill a hole (new camera test)
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