Post by
enterusername on Sep 28, 2020 7:02am
SIGNIFICANT UNDERGROUND DISCOVERY
Polymetallic Mineralization
Comment by
Retiredgeo on Sep 28, 2020 8:04am
1313 AgEq = 0.567 oz/tonne AuEq, which is a respectable result. The fact that it was found on the wall of a mined out stope is a cause for concern. It could be the last of the ore body that was mined out!
Comment by
Goldfinger2 on Sep 28, 2020 9:15am
GR Silver Mining President and CEO, Marcio Fonseca, commented, "These new high-grade polymetallic underground channel sampling results are extraordinary, indicating the potential to define substantial new mineralized zones. Their statements would be misleading and wrong, if you were rright, or?
Comment by
Retiredgeo on Sep 28, 2020 10:45am
This business is a giant case of "SHOW ME!" I will believe it when I see it. Without drill results it just geological speculation about what's behind the wall. Geological speculation is neither misleading nor wrong, just unproven. Everyone is entitled to their opinion.
Comment by
Wantonfuey on Sep 28, 2020 12:23pm
why would it be 'the last of an ore body'? any reason to make that assumption?...absolutely none given the numerous surrounding drill results
Comment by
Retiredgeo on Sep 28, 2020 3:46pm
We are talking about different things. You are referring to the mountain, wheras, I am referring to the room that was mined out. Ore bodies pinch and swell. What is left on the wall could be the last of that swelling. Without a drill hole or geophysics what is beyond that rock face is opinion.
Comment by
enterusername on Sep 28, 2020 7:41pm
Looks like it could take a while before we see anything close to a dollar.
Comment by
Wantonfuey on Sep 29, 2020 1:51pm
Valuation is already pretty high but lots of discovery ongoing. Until silver goes over $30 I don't see hitting $1pps usd. However, the resouce is growing rapidly--will release next year.
Comment by
enterusername on Oct 02, 2020 9:47pm
GR isn't getting much love til then.