GREY:CQXFF - Post by User
Comment by
Goldfinder77on Dec 03, 2010 4:32pm
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Post# 17798424
RE: >JUST HIT .175cents ?
RE: >JUST HIT .175cents ?Cadillac holds ALOT of land to the west of Gold Bullion and with all the interest around Granada right now I think that's one of the major reasons you're seeing this move (on no news).
Most importantly however Richmont is coming out with results soon from their drilling at Wasamac - they announced some great results in September and expanded the drill program to 15,000 metres, adding a third rig. Richmont believes they're onto something significant. Cadillac Mining's claims are right there!!!!!!!!!!!!!
This is directly from CQX's latest MD&A:
"The principal structure hosting the Wasamac gold mineralization, where Richmont has released an inferred resource comprising 1,282,000 tonnes at 6.92 g/t gold, dips northerly toward the seven titles comprising 164 hectares owned by Cadillac. Furthermore, it appears that the Horne Creek Fault, host to significant mineralization to the northeast, and the related Mackay Splay, also cross Cadillac's 'Wasa' Property."
Some smart people have woken up to this-------Cadillac Mining occupies some really nice ground and the market cap is a paltry $4 million. This has huge possibilities. I've seen other stocks with market caps of $15 million that have less than what CQX has.