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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Post by peteroton Jan 19, 2012 12:55pm
273 Views
Post# 19422429

4 to 6 million ozs. isnt unreasonable

4 to 6 million ozs. isnt unreasonable

Couldnt believe GCU was at $1.88 a couple days ago.  As soon as I saw that I bought shares.  I hadnt looked at GCU for a few months thinking I missed the boat and to my surprise the boat came back.  The assay results GCU pulled this year were mind blowing.  That 100m/ 7.3g hole is worth 300,000 ozs. on it own.  By super rough resource calcs based their presentation maps and drill hole results include 250m (width)*1000m (length)*100m (depth)*2.5 (s. grav.) = 125,000,000 tonnes at 1.5 grams per tonne = 187,500,000 gram resource or 6.7 million ounces.  Please feel free to adjust my average parameters for the resource. 

I would be shocked with a resource in the 3 million range. I am expecting 4 to 6 million ozs.

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