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Horizons Australian Dollar Currency ETF T.ASD



TSX:ASD - Post by User

Post by billk2on Dec 08, 2004 12:19pm
174 Views
Post# 8285093

FIREWORKS SOON

FIREWORKS SOONThey have reached their objective as of this writing. Two drill holes have penetrated the mass and are now between 450 and 500 meters in depth. The company believes a mineralized zone grading 2 per cent copper exists at that level. If they find it and it extends for 1.4 kilometres as they believe, we have a world class ore body on our hands. To date all the work done on the property points in that direction. The trenching and previous drill holes have led them to this point and though they have found mineralization the grades so far encountered are subeconomic (less than 1 per cent). However, the thickness and the strike length (1.4 kilometres) will greatly add to the tonnage of what lies below. The company geologists have claimed in previous statements that that they believe they have touched the tip of the higher-grade mineralized systems. Well now they have penetrated it and if it is anything even remotely close to what they saw in Australia, watch out.
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