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Tuesday, August 21, 2018

Advance Gold - some drill results!!!

Drill results are like buses, you wait for ages, then 2 come along.....(link and link)

I was getting scared, maybe Mexico has become the Bermuda triangle of drill-results, with gangs of chihuahuas running around eating them up...

However, I want to direct this post to ABL and Julio Pinto Linares, PGeol. Wow, what a load of howlers you've made, let's go through them:
  • You couldn't quite manage to add up the sample thicknesses from hole AGT-01
    • Original - 3m @ 9.4 g/t Au
    • Updated - 1.7m @ 9.46 g/t Au (link)
  •  You didn't manage to send all of the vein for assaying (link)
 
  • If you are going to release all the assays from you drill program, a good pro-tip is - try to include the over-limit assay results, unless you want to maintain the audience's suspense (is it 101 g/t Ag or 10000000000000000001 g/t Ag?!?!?!?!?!)


but the good news is, you're using a certified, internationally recognized assay lab, I tip my hat to you...

Hey, what's multiple cock-ups between friends....

Fortunately, the great man himself, on CEO.ca gave us this gem...

 

Grade isn't important in the oxide zone for these veins? So those old-timers were just moving rusty rock around Central Mexico for fun? Well, it kept them out of the bean fields....



15 comments:

  1. There's less there than meets the eye!

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    Replies
    1. the PGEo should had back his certificate and return to being an A(mateur)Geol

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  2. "grade isn't that important"?

    That's what I call a Venture arsehole type spin. LoL.

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  3. Nice assays from GBR!!

    http://greatbearresources.ca/great-bear-announces-high-grade-discovery-drills-16-35-m-of-26-91-gt-gold-and-7-00-m-of-44-47-gt-gold-in-two-holes-at-hinge-zone-dixie-project-red-lake-district/

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    1. I JUST FINISHED the co's 'profile' before the heads up. This deal is stupid, stupid tight with 23m outstanding or somesuch.
      https://pennystockjournal.blogspot.com/2018/08/great-bear-resources-ltd-gbrv.html

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    2. Yeah I think less than 35 million fully diluted. We all know there's lots of hi grade gold around Red Lake. GBR could be a runner with these shallow grades. Picked up a couple of thousand today around $1.20

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    3. I'm looking at the data, it looks like a good new discovery and they've been pulling out reasonable numbers this year. It will be interesting to see if Goldcorp jump in (or maybe when), or with the Cochenour debacle, will they be a bit shy and wait for more results?

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    4. Great Bear halted pending news.

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    5. How bloody cool is this? Based on repeated recent history I'd wager Sprott is throwing money at GBR.v (before the rush, pffft)
      Too usual seeing a Venture deal NOT diluted into the freakin ground by career terds. This baby could have legs, and as was said, everybody knows Red Lake. ;)

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    6. And today we get news of $ 10m, not from fukkin Sprott (yippee), but from Rob McEwen. So hell yup. It likely doesn't come a lot better than this vis-a-vis a pure spec, ultra tight rock gambling proposition in the venture sphere. NO TELLING how high this baby could go in the short term.
      https://pennystockjournal.blogspot.com/2018/08/great-bear-resources-ltd-gbrv.html

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  4. It would be useful to see all of the previous drill results and the stats for the new stuff. Just looking at the reported assays for 2017/18 I don't see very much that would be economic.

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    Replies
    1. http://www.stockhouse.com/opinion/interviews/2018/08/23/ceo-interview-great-bear-resources-on-high-grade-gold-discovery

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    2. 10 million raised

      Great Bear Resources Announces $10 Million Private Placement, Investment from Rob McEwen and McEwen Mining
      Vancouver, British Columbia--(Newsfile Corp. - August 24, 2018) - Great Bear Resources Ltd. (TSXV: GBR) ("Great Bear" or the "Company") is pleased to announce it will be conducting a private placement financing of units ("Units"), priced at $1.45 per Unit, for gross proceeds of up to $10 million (the "Financing"). Each Unit will consist of one common share and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will be exercisable into a common share of Great Bear at a price of $1.75 for a period of two years.
      The Company is pleased to announce that Rob McEwen has agreed to purchase $4.8 million of the Financing and that McEwen Mining Inc. has agreed to purchase $1.2 million of the Financing for a total of $6 million. On completion of the Financing, Rob McEwen and McEwen Mining will collectively own 18.8% of Great Bear Resources on a partially diluted basis.
      "We are very pleased to have Rob McEwen as a partner of Great Bear Resources. His record of success in the Red Lake district is quite simply unmatched," said Chris Taylor, President and Chief Executive Officer of Great Bear.

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    3. I meant the historical drilling.

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    4. I agree, some of the new holes go deeper and appear to be 'better', but a lot of drilling will be needed to fully understand the mineralization. The good news is, they are going to be well funded to do so.

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