In GTM's recent announcement regarding intersection of an...

In GTM's recent announcement regarding intersection of an ironstone extension (which are commonly gold-bearing formations), management stated that assay results were pending and that an update on the priority drill targets at Malbec would be given in the December quarterly. Does anyone know when these assay results are likely to be announced?

If the initial intercepts of around 35g Au/tonne can be replicated in the extension zone, it would give GMT's proven and probable gold reserves a serious boost.

I'm not sure what the average lag time is between completion of drilling and announcement but I'm hoping we might hear something before Xmas.

I am surprised at the willingness of some holders to relinquish stock around the 8c level given that results are imminent and Chariot is producing again. IMO, barring further incident, GTM is set for a small run in the New Year with production exceeding forecasts and the POG remaining buoyant.

As holders know, GTM is well-served by its gold hedge which has insulated their profits from the deleterious effect of the strong Aussie dollar. Few other small producers enjoy this advantage.

All in all, I am hopeful it will be a happy New Year indeed..

Thanks in advance to anyone who can provide info on approx. dates for the assay results. Conduct your own research. I hold.

R/Gupper