BULK SAMPLE - 20 g/t GOLD!
So this is VERY critical for long term holders of this play. The market is not giving GGX any love at all because the market is all about drill results and nothing else matters. The reality is much different however, the bulk sample supports what geologists already know, the drill core is not reflective of the grades in the veins. The gold is nuggety and coarse. When you try to hit a nugget in a vein under ground it is like finding a needle in a haystack. The drill core thus becomes more of a tool to define structure than it does to find grades. The core will identify the length, depth, and width of the vein. The bulk samples will more accuratly define the gold grades to be expected from a mining operation. As a trader this is terrible news. The market is not going ot get hype. As an investor, this news is fantastic and investors will gradually be building this positions in my opinion. Good luck to all. For disclosure I hold a small position at an average of 8.5 cents. I will hold it. If Jack is any good at all we will see 10 cents in 48 hours.