Why book more drilling on these results?Did any one actually read what the NR said. These are only 3 of the 9 drill holes and not the ones that have the visible gold in them. And if the results are so poor??? Why send out more drill rigs??? Duh!!! Lemming investor mind set I guess.
The analysis for holes with visible gold,…..are still pending! QUOTE:
“With significant widths and grades of gold mineralization in the first 3 of 9 holes recently drilled at its wholly owned Reserve Creek gold project”
“Assays are pending on an additional 350 samples representing mineralized intercepts from the remaining 6 holes. Visible gold was noted in 3 of these 6 holes including a site of visible gold in hole RS10-21 noted after core was sawn.”
From the previous NR: “Assays are pending on 555 samples that were submitted for gold assay and representing 525 m of mineralized core from the 9 holes.”
They have only assayed 205 samples 555-305) or 36% of the core, none of which have the visible gold. The best is yet to come as obviously they are not from the main bonanza zone which is still pending. This may represent the worst of what we may have, but compare these values to the known average gold grades of large Gold mining companies in Canada and around the world: (All values below are in g/t- grams per ton)Agnico Eagle-3.329, Kinross-0.751, Nova Gold-0.779, New Gold-0.505, Premier Resoures-0.530, Premier Gold Mines-3.130, Rio-alto, 0.293, Yamana gold-0.429, Eldorado gold Corp-1.186, Fronteer gold-1.451, AM gold-0.587 Detour Gold-0.766 and the list goes on.
The global average gold grade is 1-2 grams/ton!
This is why most people lose money in their stocks….herd mentality! The ones that reap the benefits are the one that can read, understand and wait until the stampede passes. Looks good! Loading up!
PS: Thanks to the panickers and shorts (short sighted that is!)
Regards to all;
Solver