OTCPK:SXGDF - Post by User
Comment by
ALTOGETHERon Jun 09, 2011 11:20am
464 Views
Post# 18693228
RE: Clive Maund Comments
RE: Clive Maund CommentsI believe this is the original comment back from Adrian Douglas that is being talked about. I would also think they are just about ready to punch another hole into Cinchado very soon. Regarding the share price, I've noticed that it sometimes goes "back" so people can pick up shares quickly on the upswing but who knows right now.
I'm still waiting for Nora............and as I'm not a subscriber to Le Metropole Cafe, wondering what AD is saying but most importantly waiting for the soon to be put out financials for first quarter and a news release.
This was posted on yahoo message board from AD:
From today's Le Metropole Cafe's MIDAS column:
GATA’s Adrian Douglas is a mega-Samex fan and has visited the Cinchado target in Chili. I asked Adrian if he would give me his personal opinion of what these drill results mean…
Bill,
The key is that T-24 has identified the Cinchado target. We know the grade of this geologic horizon is likely to be 3 g/t because an up-thrown fault block had 150,000 tons mined from it. The much bigger part was down -thrown and laterally displaced by a granite intrusive. The holes that were drilled BEFORE the T-24 survey hit this granite sill but is perfectly understood now that the T-24 data has been acquired and interpreted. The Titan 24 responds superbly to the down-thrown block because it is also high in copper content. This means there is extremely high confidence on the exact location and size and likely gold grade of the target. The next holes in my opinion will be a major discovery of a world class gold resource.
On top of this there are good gold intercepts in the Milago and Milago-Pampa. The T-24 also indicated targets that are in additional to the many Samex has already generated.
Many people will not realize the implications of this but for me this is a last big buying opportunity before a next drill hole is put in Cinchado which is only weeks away.
Cheers
Adrian