TSXV:NET.UN - Post by User
Post by
goldsgoingupon Nov 24, 2009 11:26am
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Post# 16518013
Delayed results.
Delayed results.Well obviously some sell on news going on! I am still fully invested here. I don't think most folks understand the significance of this news release.
First, great trading for those who flipped this. I don't have the nerves to buy and sell that quickly. But hey if you made a buck or brought your cost down then hats off. Making money is what this is all about.
Second. The delay on news. Today's news definitley explains why there was a delay between when the company recieved the results and when they were released. They had to re-assay because of erratic gold samples.
The company is immediately undertaking a new bulk sampling analysis of the existing underground workings to potentially get more representative gold assays over what appears to be a bulk-minable target. Additionally, Network is planning a significant follow-up drill program to further delineate the depths and strike lengths of the gold-hosting structures.
Third. In a typical drill program you will get XXXX number of meters drilled and only a small amount of that total may have mineralization and metal value. These guys found gold over almost the entire area that they sampled with the lowest average being 0.37g/t which is bulk mine economic.
Fourth. They were expecting that they were going to uncover a larger system at depth. Thats why they are planning a 'significant follow-up drill program' to delineate the depths and strike lengths. They are just scratching the surface. Literally. Lets see whats just below the gold they have ALREADY FOUND. They are not looking at any depths at all right now. This could be the top of the central core of this ore body. If its bulk mineable then they have A VERY HIGH GRADE starter pit in the making here.
Relax folks. This is just getting started.
ggup