Post by
digger144 on Jul 27, 2011 8:20pm
Today's Release...
Confirmation & Expansion....Wonderful!
Confirmation: Holes.......E11-66
E11-67
E11-70
E11-71
Expanison: Holes.....E11-68
E11-69
You will find the description under the "Comment" heading...right hand border on Drilling Results Tables. Confirmation....Infill
Expansion....Outside Resource
"Outside Resource"....In otherwords...Outside the NI 43-101 Inferred Resource of 4.22 Million Ounces....Nice...this keeps building additonal ounces!
I believe the most exciting data that we received from today's release is "new outcrop"....500 metres South West of known outcrop on Section 92+00E. Also..."potentially reduces start up capital."
We did know about the outcrop on Section 92+00E, for those that may not understand the term "outcrop"...simply....the mineralization is at surface...most excellent!
Now...to find a new outcrop 500 metres downstrike from Section 92+00E is very exciting...the mineralization has re-surfaced a significant distance away from the last occurrence which is telling us that the system remains strong and the chances of it pushing another 500 metres further is excellent! Also, the "forces to be" were consistent throughout the entire strike length...this baby is not slowing down! The occurrences in Section 92+00E and Section 87+00E are very much alike!
Remember the Sections are 500 metres apart! Most excellent indeed! I always felt that this baby had a good chance to re-surface...and...it did! I have mentioned it on occassion in previous posts...you have to go back a bit to find them...but...they are there!
As for "potentially reduces start up capital"...I just love this!
Due to the fact that the mineralization is at or near surface "outcrop" they could begin mining the mineralization immediately on start up of the Open Pit Operation...In otherwords...start paying the bills from day one...produce gold as they remove waste material and design the Open Pit.
This story keeps getting better and better!
Do no let the latest action get you down...anything under $5.00 is a great buying opportunity!
It will not stay under $5.00 for long!
I am just loving this...yes...I have been in since March 2010 and yes...I recently made a significant purchase in May, 2011 when the stock was under $4.00 and yes....I have a lot to gain...but...look at the pattern...this stock has done nothing but go up. The games will be played and are being played but in the long run....we will continue to shoot upward!
Some may think that this stock is expensive...over priced...fairly priced...to that I say nonsense!
The uncertainity in the market place has kept this down...and...when Gold breaks out...watch out!
Digger144
P.S. Potential Suitors are being impressed over and over again!
Comment by
MERC24 on Jul 27, 2011 9:03pm
digger you may be right, yet until the US solve this debt issue, no one can predict stock prices not matter how good they look. There were stocks trading for less than cash on hand in the worst time. Look at the sell off of stocks today. Red all over the place. Nothing makes sense these days until the US solves their issue. My opinion only.