Recent news from mining giants Rio Tinto and BHP suggests that even deep deposits will get built, he says. This may be good for two deep projects that he’s currently watching. ...........A second project he’s interested in right now is the Cascabel discovery, in Ecuador: A joint venture between Cornerstone Capital Resources Inc. and SolGold Inc. led to the discovery of Cascabel, which they have been drilling for the past year. High-grade mineralization similar to that of the Resolution deposit has occurred in the early drill holes. These high grades occur over significant widths ranging from 500 to 1,800 feet, and are enveloped by lower grades of less than 1% copper equivalent. This tells me there is the chance for a significant-sized deposit. This deposit’s high-grade mineralization starts at around 2,300 feet below surface, making it deeper than the Cukaru Peki deposit but much shallower than the Resolution deposit (at 7,000 feet below surface). Some experts in our industry say that discoveries like Cascabel in Ecuador, or the lower-grade portion of the Cukaru Peki discovery in Serbia, are too deep to be mined, even if they can be shown to be large. BHP and Rio Tinto’s move forward on their Resolution deposit shows that deep deposits can receive attention from mining companies and become new mines. Keep an eye on Reservoir’s Cukaru Peki, as well as Cornerstone’s Cascabel in Ecuador. Also, bear in mind that only a handful of drill holes have been obtained from the new Cascabel find, so the outcome is far from known. We’ve discussed before why Steve believes Ecuador could loosen its taxes and laws on mining, further benefitting projects located in the country like Cascabel. http://sprottglobal.com/thoughts/articles/steve-todoruk-explains-where-he-is-speculating-now/
So now hole 9 assays are our saviour? Will be outrageously startling if they even make a dent in this chasm that SOLG has fallen in. 1) it's already known and factored in that they're relatively good. 2) the hilariously awful fund raise is still hanging over matters. 3) can we just hurry up and move onto holding hole 10 out as the one that pushes this onto the obviously realistic 50p share options level...!
I too was expecting the assay results to be released today, maybe tomo. Would be nice to finish the year with optimism and high grade which by visuals I am sure is... Wonder if we've drilled beyond 1800m? I wonder where H10 is going? You too buddy. It's been a poor year for us here. It'll pickup I'm sure when results and grades are uncovered. Data collection 2014 complete. 2015 drilling to start. Have a wonderful Xmas with the family and successful new year.
According to all the traders
There's always strong support at every level they want to sell at. They wouldn't want others bailing as well would they!
The reason this stock is plummeting is, quite simply, because the market doesn't believe the high hopes and promises which it's been hearing now for over 5 years. Same old same old. Jam tomorrow...new placing...diluted shares...gold/copper on the horizon...sorry false alarm...new placing...high hopes...more victims. Hey ho. 2-5p tomorrow and going down.
Scrat indeed unless you invest in a torch lol ;) gl
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