Nice PR and more on Canaccord''s notesThey said these were both extensional and infill results.
"Extensional and infill drilling highlights include: 20.02 g/t Au over 29m, 7.30 g/t over 21m, 9.27 g/t Au over 6m, 9.86 g/t Au over 6m, and 5.53 g/t over 6.0m"
As obvious to everyone, these are pretty good grades, and will increase the resource estimate. [I mean, I was reading a blurb on a BC miner this am that was bragging about 0.5 gm/ton!]
It also appears that they are a little more certain on the BFS release date. [If recall serves they had said it would be done before YE 07].
They say "... the RJV anticipates announcing an upgraded resource, to form part of the Bankable Feasibility Study for Perseverance, during the third calendar quarter of 2007." That's good to learn.
BTW, I was looking at Canaccord's Junior Miner weekly this morning. They updated their CBR share count [92MM] to include the Feb. 07 capital raise, and maintain their CBR price target of $1.30 for a 192% gain from here.
They also note, in their 'in situ' spreadsheet, and based on the outdated 1.22 MM prior resource estimate for RJV [now at 1.4MM] that CBR has one of the lowest market cap/oz resource of any of the gold miners, of $28/oz. Average is $92.
At some point, the market will wake up to this goldmine.