RE: RE: RE: XZ 33 home run hitlessbought underworld for 16.5¢ .. dumped it for 16¢ cents when I figured they would have trouble making much more then 1 million ozs..... I'd advise you to sell out on the next news rush because the brokers and their friends who took up the latest financing will be shorting their what is it 18 million shares when you include the warrants and over allotments... They were just given an instanteous $1 a share profit and they will cash in accordingly... the ore zone is dipping steeply and they will have to go underground for quite a bit of it.... 3 -4 grams is a lousy grade for an underground operation.... No one will build a mine in the Yukon for less then 4 or 5 million open pittable ozs if you are counting on the lower grade zone... take your profit or ride out with the next news release cause this company is a shooting star .. with that said they will put a lot of holes in the ground and they might discover something new but that is just russian roulette for new investors at current prices...the smart money is taking instantaneous profits via short selling on the share financing...c'est la vie.....
Ok I dug up the the high gade sections of the drill results on vector 16.... hole 28 came in as ,5 gram something crap but the high grade zone that incorporates a good run of block caving depths in hole 28 garnered 372 meters of .85 grams gold and ,47% copper.
step forward drill hole 16 garnered 626 meters of 1.08 grams gold and .43% copper.. a good part of which is in block caving rock....
drill hole 29 looks like a dud but when you look at their map it hits the .8 gram or better zone on their maps for significant distance in the block caving applicable section of the drill results...copper grade is low but for the entire length of the sulphide section I suppose..... I expect it would contain signficant grade of copper in the higher grade gold section....
all in all vector 16 looks favorable for block caving grades.... of 1% copper equivalent minimum...