posted on
May 06, 2008 08:17AM
I see much speculation with regards drilling and the results that will be announced[shortly]. I submit this for your perusal, with hope it assuages the mental ill-health that seems to be afflicting many on this and other forums. Detour Gold has announced a results update on their drill program in N. Ontario. While the results are good, it is the drilling and the timeframe that one should examine. With 4 rigs spinning, they have now drilled 275 holes to105,000 metres since July 07. With 18 holes reported today, they have results from 139 of 275 targets. This represents 48K of the 105K metre program. They will drill an additional 15K metres on a sexy new target. I see many similarities between us and them. So, nine months after beginning the program they have 50% of results available to boost the price of the stock and allay fears that " nothing is happening". Detour used a lab in Toronto, SGS Mineral Services. It is with a little regret, not alot , that I must disclose that I sold my interest in this property some time ago, to buy in the B/G area. Hold Steady All