GREY:CBSHP - Post by User
Comment by
Zonk123on Nov 14, 2016 1:48pm
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Post# 25458114
RE:Drill Results
RE:Drill Results
I'm not a mining guru either but I guess share price tells it all... :/
Expectations were high and they failed to deliver adequately. Anyhow the market seems to overreact in my opinion. We should keep in mind that GSV does see potential in BMGs project, and they invested. I trust GSVs managment a lot because they did and do great work. Plus, THERE IS gold to find on the Lewis property. 17.6 g/t over 32 m doesn't sound too bad for my understanding...
"After securing an option to earn 60% of the Lewis property in 2002 (since earned), Madison Minerals Inc., the predecessor to the Company, focused its exploration on the Virgin zone and, to a lesser extent, the Buena Vista zone that lies about 500 m towards the west. From 2003 to 2008, Madison drilled 145 reverse circulation (RC) and 29 core holes totaling 36,100 m (118,100 ft) at the Lewis property, 167 of which tested the Virgin zone. Seven drill-holes tested the shallow portions of the Buena Vista zone. The vast majority of these 174 holes intersected gold-silver mineralization. One of the best results was obtained from a fault intersection along the Virgin zone, which returned high grades of 17.6 g/t gold and 48.1 g/t silver over 32 meters (105 ft; MAD-05)." - Link: https://www.battlemtngold.com/project_nevada_info.php
I would be glad too, if someone could interpret the results.
Greetings from Germany
Zonk