Greetings All!
I must comment on the Canadian opportunities involved in this stock. Ever an optimistic investor in Canadian stocks, and having only recently stepped into the REEs possibilities, I am looking forward to some serious upside potential with this stock. Though I do set a lot of hope in the Canadian end, I also noted the priorities which GWG is placing on the African properties. I also am impressed with the potential for growth within the Aeospace industry. The Toyota deal which may or may not come to pass in the new year is also IMHO a very positive sign....
"On the Benjamin River Property in northern New Brunswick , the Company completed several programs, including approximately 76 km of line cutting, ground magnetic/VLF-EM Surveys over the main REE showings, geological mapping, stripping and sampling. The Company also completed a 1757 km airborne magnetic/radiometric survey and a stream sediment sampling program over the entire property and is currently conducting a 2,000 metre drilling program.
The current drilling program is expected to be completed by March 31, 2010, and results of assays expected to be released shortly thereafter. During the coming year, the company will continue to evaluate the main REE showings and begin the initial evaluation of the targets generated by the airborne geophysical and the stream sediment sampling surveys.
On the Douglas River Project, the Company completed a prospecting and geological mapping program to re-locate the historic occurrences, clean out and sample the trenches, and conduct geochemical sampling. The results of these recent programs confirmed results obtained by earlier workers on the property, showing a strong enrichment of Heavy Rare Earth Elements (comprising the elements yttrium plus europium through lutetium) of up to 8.75% TREO, including Dy2O3 at 1.15% and Y2O3 at 5.72% in some of the samples. An extensive program including further geochemical sampling, geological mapping and diamond drilling is planned for 2010.
Best Wishes for a Happy and Safe Holiday Season, and may God Bless Each Family Represented on this Forum....
AZUZA (Art)