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Horizons Australian Dollar Currency ETF T.ASD



TSX:ASD - Post by User

Post by billk2on Aug 05, 2004 9:26am
84 Views
Post# 7778545

explanation of news

explanation of newsMany shareholders have contacted me and seem to be confused about this latest news report. Management is simply trying to emphasize the importance of this latest hole number 14. It is a step out of 70 meters north west from the last hole drilled in 2003. That hole number 12 assayed at 102 meters of .88g/t. Hole 14 was stopped at 221 meters and was fully mineralized from top to bottom. Now the original news release gave the average which was .88 g/t. This is a magificent hole considering we don't know the extent of mineralization and the possibility exists for it being richer at depth. However when looking closer at some of the intervals it was determined that the original release did not give justice to the true nature of its contents. As I have said before and i still maintain, if the follow up drilling confirms this last hole we could have a world class discovery on Red Mountain.
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