TSXV:XIA.H - Post by User
Post by
tooclassyon Nov 18, 2010 1:33pm
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Post# 17725455
anticipation builds up for Lucero drill program
anticipation builds up for Lucero drill program
Dorato approaches all-time high as anticipation builds up for Lucero drill program
As stated in their recent news release,
Dorato has recently completed their airborne (helicopter) magnetic/electromagnetic survey over their Lucero property and the survey outlined a large, mineralized, likely significant gold bearing area. That area is consistent with trenching done on the ground within that area that encountered 188 meters of 2 gram gold per ton, plus some copper. The followup drilling on the ground is starting within 2 weeks. It looks like the odds for success are fairly high here, and I wouldn't be surprised if the stock pops over $2.00 soon considering it is now approaching its all time high ($1.58) and the drilling hasn't even started let alone has it confirmed the results of the survey or of the trenching. There is a lot of "buzz" attached to this stock - manifested in the stock's heavy volume of trading - so the conditions are ripe for any significant news to pop up the stock nicely. We could reach $2.00 prior to news just on the anticipation alone, then another pop higher depending on how good the news is.