RE: RE: Excellon drills 1.6 m of 27.43 g/t Au at P On the contrary, this is excellent news. As I have noted several times, I did not expect the mother lode to be hit this time, nor do I expect them to find it in the next set of drilling releases. My expectation (you can debate the merits of my wisdom) is that late this summer they will find it. Regarding your comment about "reduced emphasis on finding the source going forward", read again what was written:
"The extension of the gold, silver and base metal mineralization previously encountered... ...is exciting and further evidence that we are on the edge of the large carbonate replacement deposit ("CRD")... ...said John Sullivan, Vice-President of Exploration. "Recent drilling has provided us with a wealth of data to better vector in on the heart of the Source system, which we will continue to do in the coming months. We have now also resumed the search for additional high-grade massive sulphide mantos in the vicinity of the mine."
I am encouraged with this news release. They found a pile of gold and silver. They are getting very close to a (hopefully) multi-million ton gold-and-silver rich manto. It should be found later this year. Recently, they also released very nice news from Canada:
"55.60 g/t Au (uncut) over 5.57 m (13.64 g/t Au cut to 34 g/t), including 224.0 g/t Au over 1.23 m".
Let's see... while width and length and not precisely specified, that is over $3,000 of gold per ton over a height of 16 feet--not too shabby at all.
Of course, since releasing these nice finds the stock is down 2 cents. Meanwhile, Fannie Mae is up from 25 cents to 75 cents in the past month or two. Now this is a company that 1) owes over $100 billion to the US government for a loan, 2) common stockholders have no voice for the board of directors, 3) all profits after the loan is fully paid will belong to the US government. In short, own Fannie and you have nothing-both now and in the future-and yet the price has more than tripled in short order. Yet, Excellon is finding real money-in fairly large amounts, actually-and no one cares.
When I was young, getting a great company was "like owning a gold mine". Now that I own part of a gold mine, it is humorous that very few people in the investing public see the wisdom of owning a gold mine. Oh, well. Their loss.
I have held this company since the 20 cent days, and added a bunch more near a dollar. It is nice to see that they are finally getting some traction in their projects. It should be a nice ride over the next few years.
Bows