Gold stocks need to catch up to Gold

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Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho

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Gold stocks need to catch up to Gold

posted on Jul 20, 2011 10:33AM

http://247wallst.com/2011/07/18/the-gold-stocks-that-need-to-catch-up-to-gold-gld-gdx-gdxj-bvn-gss-nak-uxg-nem-abx-gg-auy/

As for news, I think that news were very promising, just few details:

Increased the mineralized strike length of the Main Zone/Lower Block Zone 85 m north and 265 m south, for a total mineralized strike length of 1,150 m, a 44% increase since the start of Phase-Four -> this means that we are going over 2Moz...

Three drills are active on the property; one at the Friday Zone and two in the highly prospective Deadwood Zone -> DW ia what I am waiting for, could be a big hit

3,209.3 m (13%) of the 25,000 m program is now reported, with 6,220.6 m (25%) drilled to date -> lot of news on the way...

This provides the Company with a framework to return with tighter spaced infill drill-holes, where we can drill to the west across mineralization in an effort to delineate the width of the mineralization." -> this is good approach, we could see some big hits with infill drill holes...

At this timePremium is drilling to the east in order to locate the Friday Fault along strike to the south of the current resource area. Infill drilling between the step-outs is planned. These infill holes will be drilled to the west, across mineralization, in an effort to delineate the overall width of the mineralization. -> this was very important part of the news, Big hits are coming!

All in all everything is good, good approach from company, the latest holes will be the best holes, you will see. Also before that DW holes could bring lot of surprises, I like this approach, cudos to this company, everything is going with plan, possible Montana spin off and all in all later this year we should add 1$ from the left side what we now have so I hope to see here $1.4 and not $0.4, will see...