Very Good news So I wasnt able really get into the news today as I was going insane at work, but just re read it all a few times now. There is no way this is anything but very good news.
They found some lower grades than we are used to, but they are confirming a larger and larger strike area with broad mineralization with drills over 100 meters apart.
They found 1.46g/t over 227 meters, and with some napkin math that is roughly equal to 6g/t over 60 meters.... but the really important part of this is 227 meters. That is a BIG THICK area to have gold in. And that is just from a drill the size of a fist into an area of several football fields both wide and deep. Its a tiny straw in an olympic swimming pool and its still hitting the good stuff.
I like to imagine what is going to be beside, under, over, that drill, what is going to be all around that rock. Veins. Some thin, some thick, but veins all through 227 meters. Pockets of high grade for sure, and broad areas of low grade. All wonderfully minable and profitable.
They have extended it to the north west, "
FA-19-053 extends known strike length of the Area 51 gold system by 250 metres to the northwest. They have extended it to the south east "
19-0925-007 confirms continuation of strong, broad gold mineralization 200 to 300 metres southeast of FA-19-052 and provides first near-surface (150 m vertical depth) intersection of the Area 51 gold system. They have added 200 meters to the strike length "A
rea 51 gold system now extends over a 700-metre strike length."
They have found it down deep "Another significant zone with visible gold was intersected further down-hole at 590 m vertical depth, which is currently the deepest visible gold-bearing intersection on the Property."
They have found it good and shallow "Hole 19-0925-007 is particularly important, as it is the first hole intersecting strong stockwork mineralization characteristic of the Area 51 system over a broad interval at only 150 metres vertical depth"
Two other holes show again BIG thick mineralized areas : "
FA-18-038EXT, an extension of a 2018 drill hole, confirms the presence of the broad gold-bearing system within the Area 51 corridor intersecting 0.32 g/t gold over 137.43 metres,
FA-18-040EXT, an extension of a 2018 drill hole, intersected a lower grade domain within the Area 51 system similar to FA-18-038EXT with 0.41 g/t gold over 134.45 metres
Again, while the grade is not super high, this is a HUGE THICK mineralized corridor that is: consistent, gold bearning, and continuing in both directions.
Not to mention they continue to hit high grade in the main Gabbo zone. (like we need any more proof of that area) LOL - 6.37 g/t gold over 2.18 metres (1.61 metres true width) in 19-5150-003 within the Naga Viper Zone.
- 7.97 g/t gold over 2.54 metres (0.78 metre true width) in 19-5150-001 within the Naga Viper Zone.
Anyone selling this stock at these prices with the insiders gobbling up every share they can get their hands on has got to be out of their phking mind!
Bigger, deeper, shallower, wider, longer. Good grief, what else do people want???!!
So I say again, I belive what we saw today was an organzied short seller attack, because guess why??? They can see where this is going and THEY WANT YOUR SHARES.
This is my opinion only, but dont give in to these phkrs.
---Jefe de Oro