Post by
stockzorg on Aug 03, 2021 10:03pm
First impressions of today's results
At the end of last year's drilling, hole 101 was lost, hole 102 had no significant values and hole 99 was also lost after only 109.5 meters of .549 Au results.
After evaluating that, I expected this year's early drilling out on the glacier - anything east of holes GS-20-61, 62 and 64 - would show no significant values and we would have defined the limits for the entire eastern side of Goldstorm. I particularly thought we were done to the northeast.
Now this year comes holes 104, 105, 107, 108 and 110 - all way out to the east on the glacier, and all still showing gold values. For me, this was very much unexpected. I believe this significantly expands Goldstorm's entire flank from southeast to northeast (108+50NE to 115+00NE). Not only that, the graphics show at least 125 additional meters of expected gold values (my expectations only) even further to the east on the glacier, and pinching off at the controlling fault. Drilling that off might not add a large number of ounces and there are probably much bigger fish to fry for now.
Given these results, I'll be amazed if the limits of Goldstorm are actually known by the end of this season.
Hole 103 shows excellent values, above the Goldstorm overall average, and very high for that area (Section 108+00NE). Hole 109 also appears solid in that same area. Between the two, we have a nice infill for the 300 Horizon and possibly even the beginning of an increase in the pit constrained resource to the southwest, depending on where the rest of the holes are drilled this year.
Bottom line, I felt that the early results this year would be much weaker than they turned out with dusters to the east and some average infill results. Apparently I felt wrongly.
I'm not sure of the significance of the high copper values in holes 107 and 108 but they are quite a bit higher than the rest of the deposit. Also, they are near surface and the gold values are also good. The point is, for these two holes at 112+00NE up to 113+50NE there is a huge amount of space between those holes and the controlling fault at that depth. I suspect there is a need for further work there that might not have been expected.
Holes 104, 107 and 108 expand the CS600. Holes 105 and 110 expand the DS5, and hole 110 expands it to the northeast which is a bit exciting. Holes 103 and 109 expand/infill the 300H.
My thinking was that I would sleep away the summer and wake up for the PSZ data later in the year. No such luck.
Do your own DD. GLTA. Doug
Comment by
jcw604 on Aug 04, 2021 6:22pm
The NR seemed to suggest all those holes were infill drilling. Are we stepping out of the original boundary and getting good result from unchartered territories?
Comment by
StockAudit on Aug 04, 2021 7:22pm
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Comment by
CobraShelby on Aug 05, 2021 8:00am
Well Said Marcus A . The price is in the ground
Comment by
fordster on Aug 05, 2021 5:21pm
Bro...I know your plans...try as long as possible- this is the best investment around...I don't see other juniors moving up at this point....but we sure did move when gold move mosied up!
Comment by
Jetstream1281 on Aug 25, 2023 1:12pm
To be fair, the POG is doing most of the damage......
Comment by
Jetstream1281 on Aug 25, 2023 2:08pm
Prove to me that this is different than what 90% (or more) of juniors are going through right now? The market sucks right now, no two ways about it.....As a long I take solace in the fact that our 5 year chart is better than most. When things finally turn the payoff will be huge....I'm no trader so I just bide my time....
Comment by
Jetstream1281 on Aug 25, 2023 2:11pm
Having said that, the gong show that is the Canadian trading system certainly isn't helping us out....if there was any accountablilty or desire to put things right we'd all be in a lot better shape....our government is killing our market and a lot of good companies with it.
Comment by
CobraShelby on Aug 25, 2023 10:58pm
The gold miner profit never been so good their total cost per ounce Pierre Lassonde in 2020 from Franco Nevada is aound 850..00 to 1000 the rest is profit At the 4 minutes mark to 12 it worth lisening from Pierre lassonde in september 2020 .
Comment by
Jetstream1281 on Aug 28, 2023 12:20am
Oh I've no doubt that that is the case. I also think there are groups or people with multiple accounts trading to each other so that they can manipulate the stock while holding on to the majority of their shares. This allows them to play both ends.
Comment by
fordster on Aug 28, 2023 10:02am
It's clear manipulation...same ol same ol...
Comment by
fordster on Aug 29, 2023 10:47am
Really? Huh...I see anonymous all over the place...not to say they can't be tracked on a higher level: thus the reason for the official complaint....but there clearly is "anonymous " trading" ....dark pool exchanges do exists.
Comment by
Larry60 on Aug 30, 2023 11:21am
Fordster, My apologies if I embarassed you by addressing your misnformation with facts. I just wanted to set the record straight, not make you look like a fool. However, your response to the facts I have stated only makes you look even more foolish ie name calling, more misinformation, dismissing facts etc. Lets stick to the facts instead of flat earther conspiracy theories. glta
Comment by
Jeepfan on Aug 04, 2021 7:54am
Great summary I have not looked to see how the resource is coming in regards to the seabridge deposit that it is on trend with and do the two actually become one huge deposit.