update rumor
posted on
Apr 10, 2010 03:05PM
Edit this title from the Fast Facts Section
Heard through the grape vine, we are on hole #10, the new smaller drills are working great,we should soon be getting some channel samples and drill results. I dont know how long soon means.The new smaller drills are easy to work with in our environment, the big drill we had first was not the answer to our terrain, hence the delay in drilling.Im not sure of the #, but I beleive VEN has finished some holes within 100 meters of our border. Ven may not release these results or any of their other results for awhile because of their land concession problem. The price of gold has been rising the last short while and doesnt seem to be coinciding with our sp at all.IMO, the pog will keep rising and will probably hit 1500 by years end,with this pog and some half decent results, I expect us to be trading conciderably higher.The value of our new mine should not be underestimated, I think this has the potential to be a very profitable stand alone project. The California property has the potential to attain similar value as Vens should our upcoming assays show good intercepts. Since these drill results will be the first fromthis part of our property, they may not be great. But what is learned from these first holes will be very important to future drilling. At this moment, I dont beleive there is a set # of holes to be drilled, I think they will just keep drilling to find out as much as we can after hole10. Having said that, this relies on how much has been budgeted for this project and if these first holes warrant further drilling. I have done alot of research on GWY, and a large part of my portfolio is with GWY, where it will remain because my mind is telling me its a good bet.