Re: Between now and March 2010...
posted on
Oct 01, 2009 01:49PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
"GM deep drill assays are at the labs now and an NR will be out in the "very near future"."...
I agree... if you are long now, waiting for these is an absolute must IMO... more deep holes that confirm mineralization at depth will be important... although what worries me is that grades and widths will be 'more of the same' and the market will not share our excitement... the market is waiting for widths to increase at depth... if these next holes do not demonstrate increasing width at depth I think we will see a run for the exits... the bear will be in official hibernation until into the new year... If positive... leading up to release of these results we would typically see at least some increase in volume and/or price... here's to hoping... the spike in July and run-up in early September have me hoping these were days in the field when cores were being pulled from these deep holes and rumours started to spread... a 20m intersection st depth could be just what the doctor ordered here... and likely what is required (in the absence of some other very positive unforseen news) to avoid sliding lower from here... they are wedging these deep holes off other shallower holes so although they do take time to drill they don't take as long or cost as much as a 1,000m hole from surface...
red911