Gallery Resources (Alberta GYR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gallery Resources (Alberta GYR)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kent C. who wrote (1089)	11/26/1997 1:41:00 PM
From: Kent C.	Read Replies (2) of 1829

Just my opinion.... I think the release is very encouraging (the market doesn't seem to agree with me). This release caught the market off guard. I definately didn't expect it this morning, and some people in the market did not fully understand it's significance. The key part of the release to me was: ...in the first 80 feet of core, disseminated chalcopyrite-pyrrhotite-pentlandite mineralization on the gossan zone... Chalcopyrite = host rock for copper Pyrrohotite = host rock for ? Pentlandite = host rock for nickel Encouraging news, we just need the mineralisation to continue and get some decent assays back from the lab. 80 Feet is VERY shallow, and decent grades could lead to something very significant. It is still too early and highly speculative, but some decent grades over a good strike length could prove up an economical mine. By my memory: Diamond Fields averaged around 2-3% Ni and that was economical at VERY DEEP levels, as a rule of thumb the magic number for Nickel is 1% for economical grades, but at 80 feet???? It seems that GYR will be drilling later into the winter which may spur the price and/or maintain market strength. ;-) Just my thoughts. Cheers, Kent

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next