OTCPK:ICNOF - Post by User
Post by
llamabingoon May 17, 2011 12:31pm
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Post# 18588152
paciencia será recompensada
paciencia será recompensadaMan, there sure has been some amazingresults lately ie NES hole #37 a month ago, and these 3 holes especailly #3 from ICN today . And there have been some duds i dont bash so well leave those tickers annon but the thing these results have in common is great geologists. Carl Herring is a magician and i applaud these results and also appreciate his humility
"These initial results are extremely encouraging. While we are targeting high grade mineralization in our overall exploration program, it was not anticipated that we would be this successful in the first few drill holes. It is necessary to complete additional drilling in order to fully understand the significance of these initial results. Nonetheless, it is important to recognize that the results do validate our exploration model in the district, exploring for high grade "main district" style mineralization under the post mineral cover.
Also in the NR they point out that " It should also be noted that check assays on the entire interval reported herein for hole ICN-003 were completed at a second laboratory prior to releasing results as a precautionary measure given the high grade mineralization. All of the original results compare favorably with the check assay results"
imo this is an excellent practice especailly when reporting vertical holes with out true widths known as another poster commented "wtf" i agree and its nice to know they were double checked.
Excellent geo team and time to build/ model these reuslts and future results the timming going forward will hopefully align with a recovery in the au price and shareholders will be rewarded. The company is well funded and has excellent partners they rasied 4.2mil issuing 14million shares which have been free trading since feb and 753k warrants exp price .33 with 2.5 million shares trading so far today and good upward action the last few weeks the pp money should be worked through shortly.
while waiting for au price to recover complete your DD and start by looking into carl herring
adios