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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (94197)9/17/2020 2:50:29 PM
From: Goose94Read Replies (1) | Respond to of 203330
 
Dixie Gold (DG-V) new 52 week high, 27 cents post-consolidation



To: Goose94 who wrote (94197)12/24/2020 10:57:42 AM
From: Goose94Read Replies (1) | Respond to of 203330
 
Dixie Gold (DG-V) riding the second highest volume day of the year



To: Goose94 who wrote (94197)12/25/2020 4:08:51 AM
From: Goose94Read Replies (1) | Respond to of 203330
 
Dixie Gold (DG-V) word that it has discovered multiple gold-in-soil anomalies at its Red Lake project in Northwestern Ontario. Dixie's stock hit an intraday high of 29.5 cents on its way to a 28.5-cent close, up nine cents on 905,000 shares on the day. Mr. Kalt, chief executive officer, applauded the anomalies, which appear to occur along a trend line immediately adjacent to the main Dixie property Great Bear Resources (GBR-V)

Follow-up exploration still needs to be done, cautions Mr. Kalt in one of the year's more obvious understatements, but he and his crew are already interpreting the finds as something important. Interpretations aside, Mr. Kalt points out that the soil sampling this year was "inaugural in nature" and large portions of the 25,000-hectare project remain to be tested.

Having pooh-poohed the program as just a start to something bigger, he then tacked hard onto a new course, describing the soil sampling by Dixie this year as "one of the largest soil sampling programs performed in the newly emerging Dixie gold camp," adding that he "could not be more excited by both the results and our upcoming exploration plans for 2021."

Mr. Kalt would certainly be more excited should some of the follow-up exploration lead to a high-grade gold hit -- so much so that he might well forget about the sampling and other preliminaries. For now, a big score remains a long shot: Dixie Gold touts the confidence rate of its new anomalies as an average of four on a scale to six, which, it weasels, means that "there is a good chance that mineralization may be present."

The payoff for a big strike can be huge: Just ask Mr. Taylor, president and CEO of Great Bear, a 50-center until the company drilled a discovery hole at its Dixie project in the summer of 2018. The plentiful high-grade and bonanza-grade encounters since then pushed Great Bear's stock to just shy of the $20 mark by June. Great Bear, which added 57 cents to $17.74 on 127,000 shares today, does not yet have a resource estimate for its project, but it has scored so many high-grade hits that one can only wonder how the previous explorers managed to miss them all.

Business Reporter