Dalradian Resources, Inc. DRLDF

RE:STRONG BUY, GREAT NEWS.

[R_J_]

Dalradian Recovers 54% More Gold Than Predicted in Resource Model From Two Long-Hole Test Stopes
[ Offical release with tables ]
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https://www.dalradian.com/news-and-events/news-releases/news-releases-details/2016/Dalradian-Recovers-54-More-Gold-Than-Predicted-in-Resource-Model-From-Two-Long-Hole-Test-Stopes/default.aspx
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Louis James Comments
Quote:
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This is clear, great news from Dalradian; despite all the skepticism among certain experts about the company’s resource model, test mining of two stopes achieved higher-than-projected grades.
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The long-hole blasting is cheaper, but often brings down more barren rock with the ore, diluting the grade.
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Dalradian’s miners managed to avoid this, keeping the grade up.
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This is just two test runs, but it shows it can be done—and it offers the hope that the mine may deliver even better performance than the cautious numbers the engineers will insist upon in the feasibility study.
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In other words, this is setting up to be an “under-promise, over-deliver” type situation.
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We’re very pleased, but clearly others see the potential as well (now) and the stock has leapt substantially on this news.
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. . . the speculation is significantly less risky now, . . .
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End Quote
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RJ
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