Mining Minerals & Metals Share Discussion Threads

[dr fillip strange] 15/4/2008 21:08

KEDD344 16 metres at 14.6 grams/tonne (uncut) or 16 metres at 11.9
grams/tonne (cut) from 111 metres to 127 metres and the hole
bottomed in the ore zone (Note 2).

Note 2 - In order to reduce the influence of exceptionally high assay
values for purposes of evaluating overall grades, it has been decided
to cut any higher values to a maximum grade of 30 grams/tonne and
grades are quoted herein in both cut and uncut form.

what lies deeper?

[bongo bwana] 15/4/2008 16:23

DaveN thats the way it is with GEX but it wont always be so.

1Waving - I now have a different perspective on the possibilities of that nic, LOL. As usual I find it difficult to add constructively to your excellent and hugely valued contributions here.

It has been my understanding from attending the 2006 AGM that Solona is viewed by the GEX hierarchy as having the potential to contain another substantial orebody.

This years AGM should be interesting.

[davenic] 15/4/2008 15:54

Looks like it will take alot of trades to move this...considering the update not very much action :-(

[loafingchard] 15/4/2008 12:59

What a fine update , someone else agrees with a 330 K buy :)

[spaceparallax] 15/4/2008 12:47

Hugh McC does not use words such as exciting. This is beginning to look very good indeed.

[gerri-c] 15/4/2008 12:17

Good to see the increased bid.

[deka1] 15/4/2008 12:17

hi all great RNS i topped up again with 26.4 k shares to add to my pot, good luck all

[impala391] 15/4/2008 12:08

Were are ready for then Arr Jim Lad..

[bongo bwana] 15/4/2008 11:53

The MM's will be playing games with us before long.

[pecker1] 15/4/2008 11:51

They will certainly need more drills but the bottleneck seems to be at the assay labs - they have only received results for 20 out of 34 holes drilled at Komana East. I'm sure Hugh will be drilling flat out over the next two months until the rains bring things to a halt in June.

What is really good news too is the 16m at 14.6 gt, which shows that there are also high-grade areas here just as there are at Komana West. This will make a big impact on the resource figure.

[bartender18] 15/4/2008 11:46

Terrible RNS, bound to make the share price rise, and i dont OWN enough shares in GEX yet, hope it starts raining or something lol

[bongo bwana] 15/4/2008 11:26

Rig availibility may be a hinderance for GEX but it wouldnt be for the likes of Barrick, Randgold or GF! Forward planning man, forward planning!!!

The question for us NOW is to garner as many GEX shares ASAP before the JV
(and there will be a JV - its only a question of time and that is what GEX has to address itself to just as much as the Komana drilling programme) is announced.

[1waving] 15/4/2008 11:13

Hugh hasn't got the time to play cricket, should be off to Mali with his bucket and spade. Wonder how fast he can dig. More drill rigs needed.

[bongo bwana] 15/4/2008 11:02

Id nearly tell Hugh Mc to contain himself.

Words like "exciting" are just not cricket!!!!!

Its time for GEX to seriously consider upgrading the intensity of their Komana drilling programme and this will require considerable resources. A timely JV with a robust and energetic (Id say zealous) partner with all the funds that GEX needs to ID the length,depth and true extent of mineralisation in the Komnana area should be considered prior to the AGM - IF not already underway.

Its clear that GEX is perched on top of a very significant asset and it needs to get seriously cracking NOW in relation to getting a JV on board to advance this find to a working mine status ASAP.

GEX must act to pre-empt any perception of dithering and they have not been noted for this fault to date.

[dr fillip strange] 15/4/2008 10:39

"exciting" was used a number of times in the RNS, oh yes!!

[impala391] 15/4/2008 10:31

All looks very good,nice to have positive news in this age of doom and gloom..

[1waving] 15/4/2008 10:29

Excellent results with Hugh Mc using very bullish words when he is normally quite cautious. Looks like a real cracker at Komana East. Well done to the Glencar geologists.

[robbi123] 15/4/2008 10:26

"We anticipate that current drilling programme will impact very significantly on the next Komana resource update."

Very bullish words from Hugh!

All looking good, shame we dont have the volume to back it up...yet

[maniac3] 15/4/2008 10:24

Sounds exciting, the share price will pick up in due course. Coverage from the IC and Shares will also boost it in the next few weeks and months I expect.

[gerri-c] 15/4/2008 10:20

Drilling update looks good

" ..The
consistently good widths and the high average grades encountered mean
that resource gold ounces can be quickly developed.."

[willyworm] 14/4/2008 12:19

would be nice if the share price began to reflect some of these valuations...

[impala391] 12/4/2008 17:02

That porphyry sounds good interesting definition..