Temujin,
640 feet of 0.122 opt of gold is execellent result, for
those who believe in the company. In fact, that is one of the reason
some people did not believe in the company, the results are too good
to be true, they think. The only better results I can remember
for conventional properties are some of DELGF's earlier holes and Bre-X's best holes -- which people are doubting now. Today's Northern Miner's article don't help either (which I think is a misleading article -- people reading it never realize DELGF also uses a second lab, Jacob's Lab, with registered assayers to do check assaying). So skeptism abound.
They will have to finish this Phase I 75 holes program, do their
mineralogical and metallurgical study, build their geological
model, let the engineering firm to determine which area to do detail drillings and how many holes to be drilled to determine the reserves etc. before actually doing infill drillings to calculate the reserves.
IMHO, it will be quite a while before they do that.
They will be using two drill rigs starting this week.
It seems to take them 2-3 weeks from drilling to releasing their
results with one drill rig. Hopefully, they can go faster with
2 drill rigs, though they may go much deeper with the new rig
and will take longer to do the assaying for the longer hole.
Anyway, this will be an interesting stock to watch and invest in.
It will be going up and down like a hugh roller coaster
with the positive drill results and the frequent attacks from the
media and the non-believers and the shorties.
BTW, isn't Temujin also the original name of Jenghis Khan, before he became the Khan of the Mongolians? |
