RE: GTA dropped 50% after the high More than one hole and a very large target zone, from the PR:
Cadillac's two northerly-oriented holes GS11-02 & 03 intersected 1.08 g Au/tonne over 73.1 meters, and 1.25 g Au/tonne over 82.3 meters respectively, with significant intervals of up to 19.8 meters averaging 2.88 g Au/tonne. GS11-01, directed southerly, crossed a bounding fault and failed to intersect mineralization of economic potential. The weighted average grades of the mineralized intervals are set out below.
Cadillac's President & CEO, Victor Erickson, commented, "The current results and extensive data base from the project suggest that the previous activities on the Goldstrike property were largely driven by immediate mining pressures, effectively precluding a broader approach to exploration. These new results are from but a small part of the property. Based on the number of former open pits, the historical mining activities, the structural setting, and style of mineralization, the Goldstrike property covers what appears to be a large mineralized system.