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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Geospoton Apr 20, 2012 3:39pm
297 Views
Post# 19818188

RE: GCU- Update 2012 WARRANTS & OPTIONS

RE: GCU- Update 2012 WARRANTS & OPTIONS

Thanks, great post. Also, in the Hennigh interview posted recently by terresainte https://radio.goldseek.com/nuggets/hennigh04.10.12.mp3 Quinton points out that they have been able to grow ounces at an unusually high rate. He says they're adding 100,000 oz. Au per every 1000 meters of drilling. So if you take the 8,500 meters in the lab currently plus what was in the last release with the high-grade intercept, one could extrapolate to perhaps another million announces of resource already, albeit obviously not yet officially included in the resource. My guess is they are proving up ounces so quickly because of the high grades, the uniformity of the deposit, and the fact that the gold is uniformly dispersed versus a vein system (from what I know that means the drill holes don't need to be as tightly space for inclusion in the resources, but do your own DD on that). I agree with another poster however, that what's needed is to rapidly expand the scope of the project, and it's clear the company is moving toward more aggressive step-out drilling vs. so much infill. That's good news. All of this again my opinion and do your own DD. GLTA

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