Post by
sonofab on Aug 24, 2020 11:03pm
So we are waiting for this and more drill results
Chris Taylor, President and CEO of Great Bear said, "New results from a 140 metre long previously undrilled segment within the LP Fault include 81.22 g/t gold over 10.50 metres at bedrock surface, with excellent continuity of mineralization once again observed across adjacent drill sections and to depth on the same drill section. Over the past months we have regularly intersected predictable high-grade gold intervals at the LP Fault within the broad bulk-tonnage style gold system. This positive development is underscored by both styles of mineralization extending from bedrock surface to the limits of current drilling at depth. We are currently building an updated geological model to account for the majority of this high-grade mineralization, and provide early descriptions of this work in this release."
So....because of this shallow gold just beneath the bedrock does this mean they will be checking all the shallow geology along strike length? Which might add a lot of gold? If so that last news release is huge.
Comment by
GraysonT on Aug 25, 2020 11:50am
I am dumb money and don't really understand why the stock went down on the apparent good news. But I am a borderline moron and maybe I am missing something. Could someone help out a challenged person understand this?
Comment by
tarsands on Aug 25, 2020 12:07pm
Hi dumb money, great question! But buy on rumour and sell on the news! Besides gold is down today and so are basically all other gold equities. And the seasonality of gold and gold equities is soft right now, and soon will begin its stronger period. And as far as news well as far as we know on this board it should be sometime within the next 2 weeks.
Comment by
Phanton on Aug 25, 2020 12:16pm
I'm also stupid , got greedy . But if you look at the stock chart for the last two years , it has always pulled back about 40 percent off its highs before pushing up again . So hopefully it's the same pattern developing here and will head back up to new highs this fall.
Comment by
goldman88 on Aug 25, 2020 12:29pm
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