Wednesday, May 5, 2010

Observations from the Bedard dyke NR

1) The 2 holes with minor gold showings play an essential role in mine planning. It identifies the assumed external limits of the dyke. However, it`s possible that the limits may extend further, but they wouldn`t be able to confirm either way until they drill at a deeper level.

The other hole returned excellent results. It hit mineralization 8 times. We`ve had a lot of really good BD drill holes, and I think this one ranks in the upper tier. This drill hole further confirms that the Bedard dyke is make up of a number of solid mineralized zones going down the dyke (this is what was visualized for the BD as far back as 2007, or before, and was confirmed by recent drill holes and further confirmed by this drill hole - it at least indicates that our geologists are getting a good handle on the Lamaque structures, and it potentially also indicates that the mineralized structures we are currently targeting are looking similar to historical Lamaque structures that produced over 9 million ounces of gold in the past). Hits from this drill hole:

*hit 1 - 1.23 (m) True Width @ 1.33 g/t (21.61 to 22.83 m level)

*hit 2 - 1.24 (m) True Width @ 2.93 g/t (63.73 to 64.95 m level)

*hit 3 - 2.78 (m) True Width @ 11.08 g/t (73.12 to 75.86 m level)

*hit 4 - 1.67 (m) True Width @ 8.88 g/t (82.36 to 84.00 m level)

*hit 5 - .80 (m) True Width @ 8.95 g/t (99.73 to 100.52 m level)

*hit 6 - .77 (m) True Width @ 5.23 g/t (102.14 to 102.90 m level)

*hit 7 - 1.71 (m) True Width @ 1.79 g/t (105.25 to 106.92 m level)

*hit 8 - 1.26 (m) True Width @ 7.35 g/t (210.53 to 211.74 m level)


2) ``The initial exploration drift into the Bedard Dyke will be used to immediately develop underground drill stations to continue further exploration which was not able to be drilled or collared from surface. The exploration team will be targeting the dyke through an underground drill program to test the new system at depth and to the southwest. The goal is to define multiple continuous mineralized flats that are assumed to continue outside of the mineralized zone which was recently discovered in the Company's February 2010 drill campaign.``

``The exploration program will also examine potential rollover or "blowout" zones where the Bedard Dyke meets "north dipper" structures, identical to what was mined in the historical open pit, and will target an additional high grade shear zone just north of the Bedard Dyke that was mined at depth historically.``

At lot of good stuff here. Firstly, they will continue the BD drilling once they gain access to the underground (from u/g drill stations). They will test at depth and southwest. From what I remember, the flats run horizontal (at various levels down the dyke) and extend beyond the dyke limits. I think this might be similar to other historical dyke structures on the property. It likely bodes well for picking up further ounces. I wouldn`t be surprised if the dyke itself extends further at depth. In addition, the ``north dipper`` structures are extremely prominent on the property. Given the close BD proximity to the the o/p, I wouldn`t be surprised at all if some of the BD and some of the north dippers are joined together. Also, I look forward to see what we find at the (historically mined) high grade shear zone just to the north of the BD.


3) ``The Bedard Dyke exploration permit will allow the Company to collar the access portal and proceed underground via 300 meters of exploration drifting and decline ramps. The Company will only require approximately 25 meters of development from the portal entrance to reach the mineralized zone, where the permit also allows for the extraction of a 20,000 tonne bulk sample of mineralized material from the dyke.``

``The development of the exploration drifts will be used in preparation for mining, which will commence upon completion of the crown pillar study.``

Here is my interpretation of all this: It sounds like the exploration permit allows them to also extract the 20,000 tonne bulk sample at anytime. That should be worth around 3,000 ounces. Full scale mining of the BD is not expected to start until the crown pillar study has been completed later this year (as has been the plan all along). I believe that is about when the long-hole stoping permit will be granted. I believe the long-hole stoping permit allows for long-hole stop mining at both the BD and the North Wall mining location (which will be developed in Q4 this year).


4) Finally, a mid-term to long-term target I would eventually like to see Century take a shot at if possible (and no important structures in the way). There were a number of high grade zone targets identified in the April 6`09 NR. Two of these high grade zones appear to be located just to the north and northwest of the BD structure, but deeper (around the 1,700 ft level). It is believed that these zones represent at least 150 ft extension of existing workings at that level. It is also believed that these are dyke structures. I`m hoping that perhaps eventually the establishment of u/g BD drill stations (and the proximity to these lower zones) will allow Century to poke a few test holes further downwards (if nothing important is in the way). Not only could it confirm the outward extentions of these lower high grade zones, but I wouldn`t be surprised if the drills find new mineralization on the way to these zones.

Below is a link to the CNW version of the April 6`09 NR. There is a figure you can click on that shows a diagram of the drill hole location relative to the pit (the BD is located at the left side of the pit, flowing southwest). I think it`s a word file. The April 6`09 NR is even better on the company`s website (as it has the diagram within the NR), but I had problems calling it up sometimes. You can try your luck on the company`s site first (it`s a better NR visually). By the way, here is what those 2 historical holes look like (from that April 6`09 NR):

1) 13.8 (m) True Width @ 23.20 g/t

2) 23.6 (m) True Width @ 8.50 g/t


http://www.newswire.ca/en/releases/archive/April2009/06/c7682.html

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