Thank you Dynacor Gold Mines Inc. (DNG.to) for confirming to the non-mouthbreather section of the world our long-held suspicions about your company with this NR today; that your stock is for greenhorns and suckers only. Your excerpt:
“This new discovery is very significant since we have perhaps found one
of the “feeder systems” that is responsible for the high gold and copper
grades found at Tumipampa.”
Ah, just wonderful. Keep ’em coming guys, the Casey Research and CEO.ca crowd laps up this kind of thing.
UPDATE: Reader DT wrote in with the following (very slightly redacted to save a blush or two). He gave me permission to stick it on the blog, so…
Hi Otto,
Nice one. Well-spotted for a non-geo. That NR is horse manure!
ma·nureməˈn(y)o͝or/nounnoun: manure1. 1.animal dung used for fertilizing land and the pockets of junior mining company executives.
First
of all the porphyry itself is low grade. Usually grab samples from a
mineralized porphyry will get above 1% copper as the field geologists go
after the best stuff. If all they can manage is 0.2% then it is sad.
of all the porphyry itself is low grade. Usually grab samples from a
mineralized porphyry will get above 1% copper as the field geologists go
after the best stuff. If all they can manage is 0.2% then it is sad.
Secondly,
the description of alteration suggests that the porphyry is only
propylitically altered. A well-mineralized porphyry needs to have
potassic and phyllic alteration.
the description of alteration suggests that the porphyry is only
propylitically altered. A well-mineralized porphyry needs to have
potassic and phyllic alteration.
The
skarn has some interesting grades but skarns are very often small in
scale (Antamina and a few others being the exceptions) and have
notoriously complex geology. A skarn inside the porphyry is mentioned.
This could be a mistake in the NR but if it’s not, it means that one of
the skarns could be a small raft or block of mineralized wall-rock
inside the intrusive. Again, suggesting that there is limited size
potential.
skarn has some interesting grades but skarns are very often small in
scale (Antamina and a few others being the exceptions) and have
notoriously complex geology. A skarn inside the porphyry is mentioned.
This could be a mistake in the NR but if it’s not, it means that one of
the skarns could be a small raft or block of mineralized wall-rock
inside the intrusive. Again, suggesting that there is limited size
potential.
The thing that really bugs me is that this just makes the profession of geology look bad.