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Strategies & Market Trends : Ride the Tiger with CD
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To: LoneClone who wrote (232785)1/9/2014 2:09:29 AM
From: ayeyou  Read Replies (1) of 313360
 
BG has been solid. I watch trading pretty closely as I own quite a whack and the past two weeks the trading is kind of hinting to me that someone knows more then we do on the drilling end. Any larger ask that comes in a penny lower is quickly snapped up and the bid will come to the ask much more often then not. It is up 45% since I bought week before Christmas but 25% of that is in last four trading days. They have been oddly quiet on progress of the drilling which I can only assume has been completed by now based on this reference to the hole being drilled in a Nov 5th release...Note hole is fully mineralized from 6.6 metres I have a good feeling on this one as porphyry targets tend to be very consistent and can return massive length of intercepts..this 1400 meter hole could well end in mineralization.

Drilling of hole UTD-004, began on October 24, 2013. UTD-004 is being drilled from the same drill platform as UTD-003 with an azimuth of 290 degrees and an inclination of 75 degrees. UTD-004 is designed to test the center of the surface identified diorite intrusive, which has yet to be targeted by the first three holes. In addition, the steep inclination of the hole is meant to try to target the potassic core mineralization of the porphyry prospect at depth, where grades are anticipated to be higher. UTD-004 is planned to a depth of 1,400 metres and, should it reach that depth, is likely to be completed by the end of the year with assays available early in the New Year. As of today, UTD-004 has reached a length of 192 metres and is fully mineralized starting at 6.6 metres from surface to the current point.
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