Stampidge
The results from the company you are referring to where absolutely great results, no question there...I actually hold and it is my largest holding so pretty happy with their current drilling program; however you need to look a little deeper at the results and the variances within them.
I am by no means an expert and continue to learn more in relation to drill results each and everyday .
Take these results from $CEL (ZK1-5):
▪ 146m at 1.5 g/t gold, 1.8 g/t silver from 211 metres
(including 87m at 2.1 g/t gold, 1.9 g/t silver from 253 metres)
and compare against the results from another company that announced today:
85m @ 11.6g/t Au from 7m (20MORC058) including;
o 8m @ 99.0g/t Au from 7m including;
o 4m @ 45.5g/t Au from 38m and
o 6m @ 9.4g/t Au from 86m
The CEL drill hole basically had a continuous strike of 146m with a higher grade section of 87m.
The other company had three strikes over 85m (totalling 18m of high grade Au).
So whilst the CEL grade doesn't look fantastic it is the actual size of the lode that they are drilling which is extremely large that will produce the overall resource size of Colorado V. It is the same with EG and the porphyry(s) they are targeting.
The company advised that they believe they have a significant large-scale gold system (similar to Fort Knox) and it is this in conjunction with Hualilan that will see the growth in the share price of $CEL.
As I have stated before the decision to be made is whether you are long or short in the company. There is definitely a lot of opportunities in gold plays at the moment and it really comes down to your investment style and allocation of funds to your particular holdings
@Wack mentioned above.
I reiterate that these results are good, they are just not as spectacular as the high grade results produced by the other company. And like
@Lilnatmentioned the results of the assays for ZK1-1,4,5,7,& 8 will be interesting to give the company a greater understanding of Section A of the Colorado V deposit...Dont forget there is also Section B,C, D and E.
Having said this I always review my portfolio and make adjustments as I feel best suit my investment parameters. From experience there have been many times I have held a share and it hasn't generated the returns I expected and there have been many times I have sold and missed spectacular returns.
All of the above is in my opinion only and all should DYOR...
Also anyone that can offer more or correct me on anything that I have stated please advise/comment. As I advised i am not an expert in this area in any way shape or form.
All the best, have a great day....
Cheers
Matt
