Re: Close .39
in response to
by
posted on
Dec 20, 2010 05:15PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Well twilight for the life of me I just can't find a reason to buy. I have followed GNH for about 6 months, reviewed the 43-101 and most press releases but still have doubts with the grade and mineralized intersections. What am I missing, statements like the following in the Oct 21 release; Diamond drill core cannot provide large enough samples on which to base an accurate estimate of average grades. If this is not possible then how can tonnage and grade be established forgetting the estimate, bulk sampling at depth. The Oct 27 release also has the following statement; The company has yet to report results of 21 of 48 holes. These results will be reported as soon as the geological team receives, compiles and interpretes the results. Am I correct in believing they have these results and 2 months later still are in no position to release them?
On August 18 the release states; The company is currently analyzing and interpreting drill data from the previously completed drill campaign and expect to report the results to the market as soon as possible. Is it just the geological data that this refers to or does this mean they also have the analytical data and it takes 4 months plus to get it released.
Quite possibly I am expecting too much, however knowing how difficult the Ordivician bedrock is to map due to extensive deformation I can only imaging the structural problems in following mineralized zones that pinch and swell so ramdomaly. It would be nice to see a series of mineralized intersections that maintain both length and grade but maybe that's to come.
All the best with this one. JMO
MH