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Strategies & Market Trends : Beat The Street With SI Traders

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To: Rocket Red who wrote (85005)	7/5/2011 9:46:25 AM
From: ogi	1 Recommendation Read Replies (1) of 233807

On the contrary IMO. A. we now know that recoveries are good and only get better with refinement no negative impediments from the tests B. Widespread and significant silver values confirmed and possibly extended by zonation to the S.E. and C. The first deep hole although not spectacular, as it may clearly have missed the dip still showing significant . 48 g/t at true vertical depths of over 600m, that is 300 m below the already known multi mil oz deposit. I don't see this as negative only as another typical lack of sensation for traders. Of course I wish was more immediately sensational news but it is supportive and GCU remains undervalued on what they have drilled without the deep hole. ......................................................................................................................................... ""Assays have returned for the first successful deep hole drilled at Springpole. Diamond drill hole SP11-063 was collared on the southwest shore of Portage Bay and oriented at 050 degrees true north and a -45 degree inclination (see attached map and section). This hole twinned hole SP11-062, the first attempted deep hole, which was lost in broken ground at a depth of 456 meters. SP11-063 veered sharply to the right, the end of the hole falling approximately 150 meters south of its intended target, but it managed to reach a down hole depth of 975 meters making it the longest hole yet drilled at Springpole. Drill hole SP11-063 appears to have drilled sub-parallel to the margin of the alkaline porphyry-breccia complex which appears to be dipping northeast in this area rather than having a nearly vertical dip as first believed. SP11-063 encountered numerous intercepts of low-grade gold mineralization. A second deep hole is planned on this same section, but drilling in the opposite direction to determine if the Portage Zone indeed dips northeast.""

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