Re: Very low risk for potential reward @ GNH & assay delays are not “convenient”
posted on
Feb 17, 2011 11:47AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
cantjustread posted:
"all in all i will continue to hold, the results do show mineralization and that's really what we're looking for until bulk samples come out but with all the VG these results were certainly less than i had expected"
I apologize for reiterating a point but this is what I mean about VG. The presence of VG means very little. The company should not have encouraged the belief that this meant that the 88 zone had higher grades just because of VG.
The common sense of it is that the VG in the core may be the only gold that exists in the core....so to assume that the deposit is high grade based on it's existance is a bad assumption. This is the nature of a nuggety deposit.
Most of us, the company included, are learning as we go. It is only natural to get excited by VG. Now we know it is not that big a deal.
That being said, it is also a mistake to look at those results and say the company is going to h...in a hand basket. The truth is, as one poster put it, they are still finding gold and these are just a few of the results. The bulk sample will provide a better indication of what we are dealing with.
The Timmins deposits are enough alone to keep me in the game. In fact I bought more yesterday.
SN