Timmins has seen renewed interest since Lakeshore Gold's discovery last year and now it looks like one of the area plays has pulled some amazing near surface results.
The second hole of the 2 hole drill program intersected 65.7 meters grading 18.2 g/t gold and 79.6 meters grading 4.61 g/t gold. The first hole failed to intersect the zone.
At .50 Creso Exploration will not last long as these combined grades from hole #2 are sure to bring a lot of interest to CXT. They will also be drilling a step out hole to follow up on this excellent drill result.
Please follow the link below to find out more about Creso.
http://www.creso.ca/index.php/reports.html
Thursday, June 10, 2010
Wednesday, June 9, 2010
Decade Resources
Decade Resources released some promising results today for the Red Cliff Zone. The market has taken the news as disappointing today but any selling should be bought up. The results are nothing when compared to last summer's Montrose Zone drilling results but what the market doesn't understand is that the latest results are from the Red Cliff Zone where previous drilling pales in comparison to what they released today. They are two entirely areas on the property!
Several holes were drilled in 1988 to 1990 that gave intercepts of 1.72 g/t over 14.48 m including 9.31 g/t over 1.70 m and 1.17 g/t over 16.89 m including 4.82 g/t over 2.29 m.
Two holes from that same zone just drilled assayed 11.74 g/t au over 7.93meters as well as .44% copper and 12.19 g/t au over 7.78 meters and 1.44% cu. These results are exponentially better than anything drilled in this zone before and significantly raises the potential of this zone and its economical feasibility.
What got the market excited about this company last summer was the excellent results from the Montrose Zone which yielded intercepts of....
A straight forward analysis of drill results is to multiply the grade by the intercept to make different companies comparable that have varying grades and lengths. To give you a rough idea of economic feasibility, anything that scores an average of 50 is considered feasible. Although there is much more involved in making a mine than results, it is a great rule of thumb when looking at exploration companies as well as being able to identify the cream from the crop.
Decade has a gem at Red Cliff property and now they have a secondary zone that has some results that look very interesting along side the monster results from last summer from the Montrose Zone. Decade is great buy this summer as gold breaks out and the continued drilling of the Montrose and Red Cliff Zones. As investors continue to look to gold and gold stocks as a hedge against everything Decade will only benefit from this continued momentum.
Look for this one to at least see $1 this summer if not more.
Several holes were drilled in 1988 to 1990 that gave intercepts of 1.72 g/t over 14.48 m including 9.31 g/t over 1.70 m and 1.17 g/t over 16.89 m including 4.82 g/t over 2.29 m.
Two holes from that same zone just drilled assayed 11.74 g/t au over 7.93meters as well as .44% copper and 12.19 g/t au over 7.78 meters and 1.44% cu. These results are exponentially better than anything drilled in this zone before and significantly raises the potential of this zone and its economical feasibility.
What got the market excited about this company last summer was the excellent results from the Montrose Zone which yielded intercepts of....
- 7.5 g/t gold over 32.5 meters (243.75)
- 4.17 g/t gold over 48.48 meters (202.16)
- 7.3 g/t gold over 28.4 meters (207.32)
- 5.78 g/t gold over 28.17 meters (162.82)
- 4.75 g/t gold over 39.63 meters(188.24)
- 20.87 g/t gold over 24.7 meters (515.48)
A straight forward analysis of drill results is to multiply the grade by the intercept to make different companies comparable that have varying grades and lengths. To give you a rough idea of economic feasibility, anything that scores an average of 50 is considered feasible. Although there is much more involved in making a mine than results, it is a great rule of thumb when looking at exploration companies as well as being able to identify the cream from the crop.
Decade has a gem at Red Cliff property and now they have a secondary zone that has some results that look very interesting along side the monster results from last summer from the Montrose Zone. Decade is great buy this summer as gold breaks out and the continued drilling of the Montrose and Red Cliff Zones. As investors continue to look to gold and gold stocks as a hedge against everything Decade will only benefit from this continued momentum.
Look for this one to at least see $1 this summer if not more.
Subscribe to:
Posts (Atom)