Now that the black flies, mosquitoes and other nasty biting monsters of the Canadian Arctic have defrosted, some disturbed by the drilling that has been going on for the last 7 weeks at Nickel mountain (link), but apart from that, we haven't heard anything else.
This would represent a subtle change from last year, when they were rushing out press releases, some just a week after drilling commenced (link and link) telling us about the massive, massive sulfide hits. Why no promo PR's now?
You told us back at the start of June that drilling had commenced with 2 rigs, and by now, assuming they haven't broken down, you should have drilled 3000-3500m* by now.
(*my assumption is based on the drilling rates for drill-hole EL-17-01, where the hole was drilled to a depth of 332m over 8 days (24 Aug 2017 to 1st Sept 217)).
So no news on massive intercepts, I mean, the initial holes were going to focus on defining the Discovery zone and "systematically step out from EL-17-14, testing for nickel-copper-rich magmatic sulphide mineralization to the south where promising conductive targets have been defined by geophysical surveys".
I'm guessing it must have been the timing of the financing......
Who knows, keeping things close to the vest this drilling season. GT Gold as well have been drilling just as long and not a peep. We wait.
ReplyDeleteGGI is looking for another Sudbury...not Voisey Bay 2.0. Can we atleast get those facts straight? Someone not doing their research.
ReplyDeleteI thought geologists generally spent some time in the outdoors, and had some clue regarding their sister science geography. To call the area around Stewart and the Golden Triangle the Canadian Arctic is just dumb. Perhaps you mean it as hyperbole, but it comes across as being written by someone who's not spent much time in challenging - or what Canadians call normal- conditions.
ReplyDeleteOhh, someone without a sense of humor
DeleteAce/Daryl, please go back on your meds. You are a danger to yourself.
ReplyDeleteP.S. You make angrygeo appear compliant in publishing your foul delusions.
ReplyDeleteSo many things come in pairs like ears ,shoes,panda bears n norilsksksks.but i wish you'll the best garitrash.
ReplyDeleteFeeding the panic as GGI continues to plunge on no news.
ReplyDeleteNo news releases because there is/was no discovery, it is all re-drills of 50+ year old stuff! Pump and Dump on CEO and Stockhouse - no way should it be over $1
ReplyDeleteI suppose Lightfoot, King, and Makella are also in on this "pump and dump"??..Go back to playing Fortnite with your loser buddies Pal..Might as well invite Szabo and your gal pal fairytale author of this site to play along... Fucking Hilarious...
DeleteA P&D and Sprott in for how many 10's of millions??? The $25 million raised from wealthy investors at $3.35 a couple of months ago will prove who is right and who is wrong with the drillbit. I am long small positions in GGI and MTS
DeleteIt was actually $13 million raised a couple of months ago, but indeed the company is relatively flush with cash. They had almost $17 million in cash on April 30 according to their financial statement. This was prior to the May 7 NR on the $13 million.
DeleteToo early to assume anything (though I lean towards the obvious small pods from last years drilling continuing to be obvious small pods). Last summer they need to finance so Regoci was sending out breathless press releases - and core pictures. This year they don't need to finance. Not surprising they are more relaxed about getting news out.
ReplyDeleteThere's no hold-ups in the labs this year. If a company has been drilling since field season opened in Canada and hasn't released any results ... chances are they haven't found anything.
ReplyDeleteSummer doldrums as names such as GTT and GGI sell off while SIC soars on a 20 million share dilution at 15 cents. Soon SIC will have a market cap equal to GTT before any more assays reported.
ReplyDeletehow is it that SIC is not getting any attention from the fact that its basically twinning a bunch of holes???? this is not a new discovery in any respect. every drill hole is crossing an old one, have a look at the map https://postimg.cc/image/6wyuw61jb/
ReplyDeleteLOL SIC already has 110 holes into this new "discovery"....ORIENT those holes to cross the known gold zones...sure sure.
ReplyDeleteYou'll find that most people don;t look at the maps and get major erections from the grade alone.
DeleteWhere are you getting 110 holes into this "discovery"??? SIC sure has not drilled 110 holes. Also the previous explorer vended the property into SIC so still have a % ownership. Man a lot of haters around. SIC has created some excitement in a badly beat up sector. GLTA
ReplyDeleteHistorically 111 holes have been drilled into the Moosehead concession (slide 10 of their latest presentation - point 1).
DeleteIf you look at slide 9 (the photo) and the long section on slide 11, you can see that there have been several holes drilled into the discovery zone. they appear to have followed up on a 2003 drill-hole.
language i guess
Even if we pretend for a moment that SIC becomes the next MOZ...Lets step back and have a look for a minute. MOZ has 3.2 million oz trades at a market cap of $140 million and has done 8 years of drilling. SIC has a $60 million fully diluted market cap...Has one hole that was grade smeared...if we take out the nugget is 10.5 m at 1.45 gt. So where is the remaining upside here? If it hits a buck it would have priced in 8 years worth of drilling already in a period of three weeks. Make any sense? And its 111 holes already drilled on the property from years ago...of course they spin it as "the holes weren't deep enough" "the holes were drilled at the wrong angle". Hopefully angry geologist when he dumps his trading shares in SIC will come out with an article already!
ReplyDeleteWhen SHE sells, when SHE sells. LOL
DeleteReminds me of Gwen...can she short it already....
DeleteWell GT Gold flamed out with early results this year.
ReplyDeleteEveryone going nuts over this intercept when CXO had twice that grade several years ago and how did that turn out????
ReplyDeleteApril 25, 2013 09:06 ET
Colorado Resources Drills 242 m of 0.63 % Copper and 0.85 g/t Gold in First Drillhole on its North ROK Property
For everyone's perusal before assays come out.
ReplyDeletehttp://www.garibaldiresources.com/i/pdf/Nickel_Mountain_Lightfoot_Presentation_Aug_17.pdf
Sprott interview comments on GGI
ReplyDelete"I'd hate to think that some people are selling their shares down here, when we might have one of the greatest ore bodies of all time."
"I can't buy anymore. And I'm very very frustrated I can't buy more, because believe me, if I could buy more, I'd buy more."
How come no discussion on PVG's latest results??
ReplyDeleteon holiday.....
DeleteHope the AngryGeo is OK. Has anyone heard from her??
ReplyDeleteyup, took a vacation
DeleteGlad to hear it was that! Welcome back.
DeleteI needed to save up my bile, and be prepared for the GGI drill results when they don;t come oout...
DeleteI am thinking bile will be released soon. September will surely bring a lot of results from a lot of drilling in beautiful BC.
Deletecause and effect success - sprott invests - shape price goes up, sprott looks like a genius whether or not a discovery is made.
ReplyDeletewhat a crap hit, that is lower cut-off grade for a porphyry
ReplyDeletethere's a new presentation - slide 24 shows the drill intercepts and the extrapolation. small pockets of high(er) grade surrounded by low and moderate. for what would be an underground mine (good luck permitting an open pit there)? at the top of a mountain. with no access infrastructure.
ReplyDeleteNever be an open pit, UG the only way. If they have tonnage with those grades???
DeleteOh ye of little faith, for $50K you can produce a PEA that can do produce a wonderfully economic open pit for GGI, I'm sure that Peter George has served his 2 year ban and is raring to go.
DeleteBoth MTS and now GGI have bought out NSR's on their claims. Assays and exploration update next week from GGI. Fasten your seatbelt!! Could be a rollercoaster ride!!
ReplyDeleteIt would be a bit embarrassing if GGI essentially spent $1.5M (the share value) for a bit of hilly moose pasture.
DeleteSo is it:
1. They have something great and buying the property is a no brainer
2. They want you to think that they have something great.
Well, I'm looking forward to the drill results press release that was promised....
Results are out
Delete