Re: West Timmins and Probe
in response to
by
posted on
Jul 28, 2009 08:48AM
"WTM has indicated to Probe that this target warrants further testing and a drill program is currently slated for late summer or early fall 2009."T
"The Bristol township project consists of two blocks totalling 832 hectares in 52 claims and is strategically located adjacent to Lakeshore's 1.2-million-ounce Timmins mine project and less than one kilometre from Lakeshore's and WTM's recent high-grade gold intersection in the Rusk zone on the Thunder Creek joint venture. The Rusk zone intersection represents one of the broadest intercepts reported from the West Timmins camp grading 12.75 grams per tonne gold over an extraordinary 83.4 metres. "
WTM sp went up from $.40 to $1.83 as of yesterday.
It is indeed an excellent news and Probes had a good strategy by separating two positive news into two giving the opportunity to the potential profit-takers to bail out on the first news release. In my understanding, two news releases were originally planned to be bundled into one. They wouldn't see this news coming immediately after the first NR. We won't see much blockings (or walls) as we witnessed yesterday.