Ron,
Good timing,just got off the phone from talking with the AGO IR person (Gerry ???), here is what I learned:
1. From phase I, 16 holes are in, 10 were already reported in September and the ones reported yesterday are the best of the last 6 they received (this was not clear from the news, they assume everybody know what they've done before!)...that is not bad, I was worried originally that they had 12 dry holes...
2. Phase II should go all the way to next year
3. The number on the extreme right on yesterday posting, is the meters below the deepest previous drill on that area.
4. AGO made enphasis in the fact that grades are getting better at depth and the deposit remains open at depth.
5. Asked questions about the Phase II targets, he indicated that this will concentrate on targets that are new from previous workings, with high potential to a new major finding.
So there it goes, you got it now, AGO is a stock that I will put away and not touch until it fully developes, this is not the flipper type.
Eric |
