RE:RE:Some real facts if you're new to the stock. Alright, got it. So people bought GGI in anticipation starting July 2017. The start of the rise in share price coincides with PR from July 17 2017 when they announce they start drilling. They also provide results from past explorations in the PRs. I can see why people start buying the stock and the price starts moving. Market is always forward looking, right? And the market got drill results right there, just not GGIs drill results. Instead they got all the results Standard Silver had concluded in the sixties. This makes Gungnir even better, because we're actually getting drill results that are up to date and we're not moving up because of old explorations. This makes me think Giribaldi Resources are the ones who've been pumping themselves back in the day. Why post old results in all of these PRs when they were about to drill it themselves and get results? So, to make it clear: Giribaldi did go up on actual drill results in 2017 but it was drill results from the 1960s and explorations silver standard had done.
From the GGI PR July 17 2017:
"Most significantly, E&L Anomaly “D”, a strong and broad conductive response starting at a depth of 140 meters, is now interpreted as evidence for large massive sulphide zones below and east of the 12 shallow drill holes (maximum depth was 122 meters) completed from surface by Silver Standard Resources in the mid-1960’s. All 12 holes were consistently mineralized with highlighted intercepts (assays for nickel and copper only) as follows in a system that remains open in all directions:
37.8 meters grading 1.3% nickel and 0.79% Cu (from 38.7 m to the end of hole at 76.5 m) including 5.9% nickel and 1.7% copper over 2.74 meters near the bottom of the hole (DDH-4-1966);
27.7 meters @ 1.2% nickel and 0.65% copper including 4.8% nickel and 1.9% copper over the final 3.35 meters of that hole (DDH-5-1965);
The deepest hole (122 meters) encountered massive sulphides within the final meter and returned an intercept of 63.6 meters grading 0.47% nickel and 0.44% copper (DDH-3-1966);
The easternmost drill hole (DDH-5-1966), collared approximately 175 meters from the northwest zone intercepted in DDH-4-1966, was drilled to a depth of only 30.5 meters to the east of Anomaly “D” and returned 0.69% nickel and 0.48% copper over the full 30.5 meters with grades increasing at depth.
Management believes that the historical work programs carried out by Silver Standard were conducted in a professional manner and the quality of data and information produced are relevant."
July 17 2017 Garibaldi Prepares To Drill Into "Bull's-Eye" Nickel-Copper Massive Sulphide Target
Then we got another PR acting as a catalyst ten days later July 27, 2017:
"The top of the strong, broad conductor beneath E&L “Anomaly D” is estimated to be at a depth of 140 meters, approximately 20 meters below the deepest hole drilled by Silver Standard in the 1960’s. A total of 12 shallow holes defined a nickel-copper-rich massive sulphide system extending 175 m east-west, highlighted by DDH-4-1966 which returned 37.8 meters grading 1.3% nickel and 0.79% copper with 5.9% nickel and 1.7% copper over 2.74 meters near the bottom of the hole (see July 17 GGI news release)."
July 27, 2017 Vtem Conductor Leads To Large New Surface Discovery At Garibaldi's E&L Project As Drilling Nears
I can go on with the 2017s PRs filled with results from the 1960s.
"All 12 Silver Standard holes drilled in the mid-1960’s intersected nickel-copper mineralization highlighted by a 37.8-meter interval in DDH-4-1966 that returned 1.3% nickel and 0.79% copper, including 5.9% nickel and 1.7% copper over 2.74 meters near the bottom of the hole."
August 18, 2017 Garibaldi Applies "Full Force" At Nickel Mountain"
Up until now, GGI has only risen in share price on past exploration drill results commenced by Silver standard. September 1 2017 is when they're own drill results starts coming:
"Significantly, borehole EL-17-01 was drilled away from the historic mineralized zones into a previously untested area in order to provide the best immediate platform for SJ Geophysics’ Volterra borehole EM survey as it gauges the orientation of conductor “D”. This new discovery convincingly expands the scale of the mineralizing system eastward from the high tenor E&L mineralization and beyond the historic estimates from 12 shallow holes drilled by Silver Standard in the 1960’s. The down-hole survey will be completed for each drill hole and is expected to provide a reliable vector to the interpreted massive sulphide body."
September 1, 2017 Garibaldi Intersects Broad Intervals Of Nickel-Copper Sulphide Mineralization In First Drill Hole At E&L
The rest is history, click here and read the PRs from 2017 for yourselves. Enjoy!
I don't know, complaining about Goldly being a pumper makes me think people are either jealously bag holding GGI or shorting Gungnir. Personally I like things with momentum, I wouldn’t be happy doing the other two right now either..