Shares of Washington-based Azteca Gold Corp. (TSX: V.AZG, Stock Forum) climbed 6% to 47 cents Friday, as posters on the company’s Stockhouse Bullboard awaited the latest assay results from the Two Mile Project in Idaho.
After Thursday’s market close, the company announced that as a result of the Canadian and American holidays this week, it has decided to issue a news release outlining the latest assays and management's initial interpretation of them after the market closes on Friday.
Earlier this week, the company said that hole DDH-006 is currently at a depth of 11,173 feet, and it received preliminary assays over the weekend, which “may substantiate the extent of the calcic carbonates encountered.”
On the Bullboard, Libertyg said: “The nail biting wait is almost over. You all will have two full days plus to dissect and analyze every word of the NR and assays. Enjoy things may be about to get quite interesting here[sic].”
While CQuic asked: “Anyone care to speculate best and/or worst case scenarios? Whatever the NR states, it is obviously news that would not halt trading on Monday morning lol. Otherwise, the Americans would not have had a fair opportunity IMO[sic].”
And, guid replied:
Dream case:
The speculation on AZG not showing all the core at the tour, or at least in pictures, was true. Assays come back with unreal silver numbers as a result of those mythical "ruby silver" sulfosalts that Bond was ranting about, or something else not mentioned.
Great case:
Results are similar to 5, making a case for a large discovery, but there is more silver and/or possibly gold in the mix.
Good case (great case, less silver/gold):
Results are at least similar to hole 5, on either side of the scale (up or down), making a good case for a large discovery.
Worst case:
Results are mediocre at best, with lots of promises that the good stuff is just under that 11100 ft level.
