Whoa!These are stunning results, IMO; the market hasn't even begun to appreciate them. I could go into some depth, but don't have time, so I'll cut right to the highlights:
We now have two, high-grade intercepts from what may be a new, good-sized vein, at one-third the depth of resource we already have. For comparison purposes, here's what I said in a June 3rd post on this thread, regarding the Midas mine in Nevada:
"Midas was discovered in an area that had been drilled by 5 major companies, with the
best value of 7.8 g/t Au intersected in all that drilling. Then, hole No 8 of the deeper Franco programme intersected the Discovery Vein at about 500' depth. That intersection was
7.8m of 16.8 g/t Au and 388 g/t Ag and was the first indication of bonanza grades in the district. The principal ore shoot at Midas, the Colorado Grande, was found later. The Midas mine may yield 6 million ozs., when all is said and done."
And what we now have with this press release? TWO high-grade holes comparable (IMO) to the intersection that lead to the Midas mine. MCC-65 announced today, is 3.4 metres of 12.1g/t gold; and, GP-72 is 7.6 metres of 16.9g/t gold. GP-72 is virtually of the same grade and interval of Midas Discovery Vein. (Yes, I know that Midas included nice silver intercepts, too, but, conversely, the shallow Monte Cristo hits are half the depth.) MCC-65 and GP-72 include intervals of ~40g/tonne gold. They are 50 metres apart and hit the mineralization at the same elevation. Hmmm... wonder what's between--and beyond--them? {:- )
In addition, MCC-63 hit 5.7g/t of gold at depth--50 metres away from the north of 43-101 resource, which could lead to an increase in the size of the resource, there.
So, where might these holes lead? To both a new, high-grade zone at shallow depth, as well as the potential to expand the known, 43-101 resource at depth. Pretty awesome, if you ask me.
GLTA longs!