RE: Specula/Trout-- QuestionWhen people hear that Galway's properties have previously been drilled the obvious question is "Why did the other company choose to move on?" Two reasons I think this is good.
First, Anaconda liked the Pie de Gallo pit enough that they made an effort to pursue a drilling program there...They eventually left, not so much because of lack of gold (speculation), but rather because of lack of recovery of the cores that were meant to confirm gold.. Keep in mind they only tried to drill about 6 shallow holes...Peanuts...It's just a rational explanation as to why they did not pursue exploration and should prevent some investors from jumping to conclusions..
Second, and keep in mind I don't claim to be a geologist, but perhaps someone with a little more of a geology background could comment, but I get the impression that the rock they were drilling is very brittle and fractured...sometimes providing opportunity for hydrothermal activity and the deposit of gold within the structure..Sounded like Anaconda did find some high grade in those few holes. Often higher grade mineralized deposits seem to have provide a challenge for drillers as core recoveries are often poor in relative terms.
I've be speaking with IR of another company that is presently drilling a high grade find and their core recoveries have been a bit of a problem...thus they have had to take drilling very slow...That having been said, I am not suggesting that poor recoveries mean anything..
ST