$LGC.v and $WEX.v are similar.
However I think $WEX.v is better!
LGC stepped out 150m on a known low grade orebody. They are calling their 350m strike a discovery. I assume this is because the gold is perhaps hosted in a different geology than the existing resources, but don't quote me.
$WEX.v is stepping out 400m on a known high grade orebody. The target is near surface, 200m or less. LGC's discovery is 200m bellow surface.
LGC had a few sections of 8-10m of sub 0.25 g/t AU. But they included them into the big result to get a wider assay anyways.
I'm told by management at WEX that often nearly the entire hole is mineralized when drilling at gravel creek with low grade. However management has been focused on reporting high grades only thus far.
I believe there is potential WEX could strike a 100m-400m long hole of 1-5 g/t Au, should they report the low grades along with the high grades just as Lavras has.
This shift in reporting protocol could make the market wake up abruptly to what is brewing at Western Exploration. Especially given the exceptionally low grades required to mine in Nevada. This project at 4.2 g/t Aueq. is a cash cow in the making! Tier one deposit potential! Highest grade orebody in Nevada over 1moz Au not yet in production! That's a special title to be building on. Big mining $$$ in Nevada!
Assays are pending. Due any day/week now. Market is way oversold and their is no walls prevent the stock running to $2.00+ on any sort of good drilling news.
Thanks to the sellers who took us here. Happy to get some discounted stock! Gold is acting very volatile. That's good for a bounce to new highs. It's often common for a rapid oversell in gold prices to actually launch the price to the next level up. Maybe another $20-$30 more in downside for gold this week, then I think gold is going to run like a bull during Q4 through year end and into Q1.
Goldnboy