GTE 6.06% 3.1¢ great western exploration limited.

more great results, page-21

  1. 37,911 Posts.
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    very 'one-eyed' forum here

    imo, today's drill result add nothing to the very first drill results announced on 19/8/13. today's drill result does not expand the size of the deposit but just confirms. it is only a small deposit

    imo, the announcement of 14/11/13 added nothing either, since the drill results was just more in-fill drilling

    further, the announcement of 14/11/13 was negative because it said:

    At the Altyntobe prospect the drilling intersected copper oxide mineralisation hosted in predominantly limestone near the limestone - andesite geological contact. The mineralisation is shallow dipping and therefore the JV Company will need to complete some geophysical surveys to map out possible sulphide mineralisation at depth to more efficiently plan the deeper diamond drilling that would be required to test for such mineralisation down dip.

    imo, the positive of today's announcement was:

    Two diamond rigs are planned to be relocated to the Sharykty and Shaitandy Prospects, (refer to Prospect Summaries figure 2) to target high-grade surface mineralisation detected in 2012.

    I didn't want to post a negative post when it was trading at 10 cents and less. but today, the new news returns hope to what was a hopeless announcement (imo) of 14/11/13

    good luck. just watching on the sidelines, ready for stronger news



 
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