Recap...
posted on
Mar 06, 2008 10:05AM
Focused on becoming a near-term Gold Producer
Just a quick re-cap from latest releases.
FYI... We still do have assays pending from Gold Hill
and Big M. Both sound very promising.
Talk about boring trading as of late.
red911
Jacobus
- winter road to eastern corner complete
- possible Golden Mile extension
- stripping and trenching underway
- number of quartz veins have been located with
associated sulphides
Onaman
- 5 holes complete and reported
- 7,000 m drilling program at Lynx and Big M
- "Hole SM08-01 completed to 608 metres, was spotted
125 m to the W of surface showings. Intersected were
several zones of sulphide mineralisation and extensive
quartz veining within steeply west- dipping
intermediate volcanics and pyroclastic equivalents.
Assay results are pending."
Gold Hill
- Channel sampling complete and reported
- 9,000 ft drilling program started
- 1 hole complete, assays pending (i.e. "Core samples
will be sent to Jacobs Laboratories in Tuscon, Arizona
with assay results expected shortly."
- est. 10-12 total holes expected (?)
Pony Spur
- 1 hole drilled, abandoned at a depth of 280 m (934 ft)
- 3 additional holes planned for June 2008
P.S. ~1.5 million less shorts outstanding as of Feb. 29th.
Most likely pre-selling of cheap PP shares before hold
expires. Not really 'shorts' IMO. SGX seems to have been
affected by an abundance of PP shares as of late. Many
should now be behind us however... March 15-16 is next hold
expiry date but those shares were at $0.50 so you won't see
any of them pre-sold at these prices :D.
Short History
Symbol Report Date Volume Change
SGX - V 2008-02-29 474,300 -1,451,504
SGX - V 2008-02-15 1,925,804 1,073,000
SGX - V 2008-01-31 852,804 312,268