Creso Exploration announced positive results today from the deepening of the first 2 holes drilled on their Minto project last year. They have received partial assay results of their discovery hole, (Hole #2 of 65.7 meters grading 18.2 g/t Au and 79.6 meters grading 4.61 g/t Au. Hole #2 was deepened by 382m and preliminary assay results of 82 meters of core so far analyzed is 5.82 g/t Au over 7.6 meters beginning at 423 meters depth. With excess of 300 meters of core remaining to be analysed from Hole #2.. this represents what may be the start of a new and large zone. The bottom zone is new and no true width has been determined yet.
They also deepened hole #1 which missed the zone and they have announced 4 sections of visible gold within a 100m mineralized zone with 2 -4% disseminated pyrite which may grade around 5 g/t au on average over the entire core. If this is correct then CXT.V is going to have a monster hitting an entirely new zone under the impressive initial discovery at shallower depths. Assays are pending from these holes, but if you read between the lines they are expecting some very good results.
I re-iterate that Creso remains a strong buy anywhere under .50 and have been calling it a strong buy between the recent price of .30 - .50 which has paid off doubling from its lows of .30 after the initial sell-off. It doubled on rumor of these excellent results and any astute investor will be using this pullback to buy more shares of Creso. 2 great stocks in Timmins are SAS.TO and LSG.TO which have made excellent discoveries by drilling deeper and Creso is using that exact same strategy to add value to their Minto project. CRESO will trade well north of $1 by the end of the summer if initial indications are any expectation of what is to come. Another hint that the company has something very good is that they hired a very reputable IR firm to tell the story of Minto.
Read the full news release here...
Wednesday, July 21, 2010
Tuesday, July 20, 2010
Decade Resources Uncovering Gold!!! Lots of it!!!
Decade Resources is dirt cheap at at $0.37 cents and is primed to make a big run this year similar to that of 2009.
After a successful drilling program at Red Cliff they have had some of the best grades and intercepts on the project to date with 5 of 27 holes being released so far with the best of that being 11.74g/t au over 7.93 meters which is very good. The drill is now being mobilized to test the Bonanza Gold bearing Zone 'Montrose' with a best result last summer of 9.64g/t au over 55.18 meters! This discovery last year generated a lot of excitement and drove the stock to heights of close to $2. So you can expect a steady release of results with Decade this summer to drive this stock and value as gold starts moving back above $1200 for good later this summer.
One problem that has dogged Decade this year is that yes they are drilling Montrose, but drilling is limited because they didn't get permission for a road cut. So they will get some exciting results but step out drilling will be limited this year to what they should be doing if the government had given them permission for the road cut and a more aggressive program could have been undertaken. Decade took a good run to .60 where it couldn't break through so the current price of 0.37 represents great value with 0.60 being a minimum target again with possibly this one getting to $1 again on great results that increase the potential of the projects.
In addition their 60% interest in Red Cliff and Montrose, Decade announced recently that they have discovered a significant Copper-Gold porphyry deposit at their 100% owned Wedeene property. It is very early but this so far looks great with 100m intercepts averaging 1 g/t au and .5% cu. If Decade can continue to deliver this type of results at Wedeene over a significant area the potential could be huge as this deposit would be prime open pit from surface. So far all holes have ended in mineralization with the stronger grades being at the end of the holes. This property looks very promising and if both properties continue to be developed to have significant reserves. Decade resources will be a very good take over target at much higher prices.
With 2 very good irons in the fire, you cannot ignore this tiny little company looking for gold in BC.
After a successful drilling program at Red Cliff they have had some of the best grades and intercepts on the project to date with 5 of 27 holes being released so far with the best of that being 11.74g/t au over 7.93 meters which is very good. The drill is now being mobilized to test the Bonanza Gold bearing Zone 'Montrose' with a best result last summer of 9.64g/t au over 55.18 meters! This discovery last year generated a lot of excitement and drove the stock to heights of close to $2. So you can expect a steady release of results with Decade this summer to drive this stock and value as gold starts moving back above $1200 for good later this summer.
One problem that has dogged Decade this year is that yes they are drilling Montrose, but drilling is limited because they didn't get permission for a road cut. So they will get some exciting results but step out drilling will be limited this year to what they should be doing if the government had given them permission for the road cut and a more aggressive program could have been undertaken. Decade took a good run to .60 where it couldn't break through so the current price of 0.37 represents great value with 0.60 being a minimum target again with possibly this one getting to $1 again on great results that increase the potential of the projects.
In addition their 60% interest in Red Cliff and Montrose, Decade announced recently that they have discovered a significant Copper-Gold porphyry deposit at their 100% owned Wedeene property. It is very early but this so far looks great with 100m intercepts averaging 1 g/t au and .5% cu. If Decade can continue to deliver this type of results at Wedeene over a significant area the potential could be huge as this deposit would be prime open pit from surface. So far all holes have ended in mineralization with the stronger grades being at the end of the holes. This property looks very promising and if both properties continue to be developed to have significant reserves. Decade resources will be a very good take over target at much higher prices.
With 2 very good irons in the fire, you cannot ignore this tiny little company looking for gold in BC.
Friday, July 9, 2010
Ventanna Gold... Buying Value
Gold stocks have taken a pretty hard hit and should continue for another couple weeks but one that has really been hit hard is Ventanna Gold (VEN.TO). It has come off highs of $13 and as the selling abates on this one should prove to be a great time to come in a pick up value. Other stocks that remain on my buy list for an August rally would be East Asia Minerals (EAS.V) and Colossus Minerals(CSI.TO).
Ventanna to me represents the greatest value and anywhere under $6 should be a great buy for the long term. Ventanna has 10 drill rigs on the property and they are aggressively expanding the deposit and coming up with a resource number which will impress. This deposit remains one of the better ones being drilled up and evaluated and VEN could easily become a takeover target at lower prices. Anywhere under $6 will be great value.
Ventanna to me represents the greatest value and anywhere under $6 should be a great buy for the long term. Ventanna has 10 drill rigs on the property and they are aggressively expanding the deposit and coming up with a resource number which will impress. This deposit remains one of the better ones being drilled up and evaluated and VEN could easily become a takeover target at lower prices. Anywhere under $6 will be great value.
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