Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I've started a new thread for daytrading Canadian stocks. So far it's just me posting so it's pretty boring (ggg). Have a look if you're so inclined.
http://www.investorshub.com/boards/board.asp?board_id=1453
Trading Fool
Out GLG at the open for a loss from yesterday pm. Sitting on the sidelines for now.
So is GLG and NMC. Just dont have the cajones to jump back in. Gold holding $341 here.
Interesting article. Was Sinclair one of the traders interviewed in the book "Market Wizards" ??
Trading Fool
Well I could buy it back cheaper right now but I'm on the side lines until I see gold get a woody or some other suitable signal (ggg).
Gold looked soft this morning and it has to pull back a bit doesnt it? Better safe than sorry.
I'm still ahead for the week. Havent given up all my profits (yet) LOL.
Out GLG at the open for a $360 loss. OUCH !!
Found an interesting thread tonight:
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=52896
TA and predictions on where the market is headed. Interesting stuff.
Is anyone still following this stock? I'm wondering if the company is doing any drilling on their property and whether there will be any news soon.
Is the stock down because of the price of silver? Any other factors?
TF
Looks like gold is up about a dollar in overseas trading. Will be interesting to see what happens when HongKong opens.
TF
I actually was on the sidelines most of the day looking for something with volume and movement. Not totally comfortable holding overnight either. Actually, if I had known GLG was going to run into the close I would have been happy with $17.10. It just happened too fast. Now I have to hope the price holds for tomorrows open.
Pretty happy with my buy though. I figured it would either bounce or I'd get stopped out and lose a 100 bucks. It bounced quite nicely.
In GLG at 16.58 for an overnight hold. Have a tight stop in place.
Lets see what happens...
The stock is showing good strength and volume. I attribute this more to the last news release than to the price of gold since other juniors are lagging a bit. Hoping for a dip into the 40's to pick up some more shares.
Looks like gold has settled down a bit (LOL). Will be interesting to see how it does in London and New York tomorrow.
Never heard of him. I'll take a look at the link. Maybe you're right about Kinross but a profit is a profit eh?
Gold at $348 eh? There's an interesting read on marcos's SI thread about the price of gold and BHK. Might be worth a look for tomorrow.
Mind if I join you?
Bought K at 3.37 tuesday pm
Sold K 3.63 today pm
Looking for a reentry point. Lets see where gold goes eh?
Holding some longtermers in NGT, CBD, RDU
Here is the latest news release. Some of the holes look pretty good !!
Holly Project Drill Results
12/18/02
Simon T. Ridgway, President, Radius Explorations Ltd. is pleased to announce results from the drill program conducted on its 100% owned Holly
Gold Prospect located in Eastern Guatemala.
The Holly Property is host to a low sulphidation epithermal gold system. The structurally controlled gold mineralization is hosted by volcanosediments and lagoonal calcareous mudstones on the north side of a rhyolite dome.
Highlights of the first phase of drilling include:
HDD-4 intersected 6 metres assaying 43.56 g/t gold and 1,617 g/t silver within a broader interval of 21 metres that assayed 13.74 g/t gold and 544 g/t silver. The Trail Zone is hosted by brecciated and veined calcareous mudstones with an associated geophysical resistivity anomaly indicating potential for continuity to the north, south and at depth.
HDD-5 intersected 10.60 metres assaying 7.95 g/t gold and 263.4 g/t silver. Within this is a high grade interval of 3.6 metres assaying 22.0 g/t gold and 697 g/t silver. This hole tested the depth extension of high grade gold values found in the volcanosediments at the Holly Ridge Zone.
HDD-1 intersected 14.20 metres assaying 4.14 g/t gold and 150 g/t silver at the Trench Ridge Zone. Hole HDD-7 tested the same zone 35 metres vertically below hole HDD-1 and confirmed the down-dip extension of this mineralized system.
HDD-4, 5 and 1 are collared on three distinct gold-silver mineralized zones. The severn hole drill program was designed to test six separate mineralized trends within a broader 1 km. x 1 km. anomalous area. All holes were drilled at -45degrees and the geometry of the veins and breccia
zones indicates that true thickness of the structures are probably 75 to 90% of the reported intersections.
All holes were surveyed and gold and silver analysis was done by Fire Assay/AAS (FA/gravimetric for results greater than 1g/t Au and 200ppm Ag) by Rocky Mountain Geochemical, Reno, Nevada. A programme of check sampling is underway.
In total seven holes were drilled in the program. Results are summarized in the following table:
Drill Hole InformationDrill Collar Location Dip/ FinalHole UTM North UTM East Bearing DepthNumber (m)HDD-1 1626613 217018 -45/243 90.5HDD-2 1626460 217995 -45/245 267.6HDD-3 1626593 217740 -45/030 112.6HDD-4 1626466 217493 -45/053 133.6HDD-5 1626745 217633 -45/270 61.5HDD-6 1626690 217202 -45/250 166.5HDD-7 1626642 217066 -45/243 145.5Mineralized IntersectionDrill From (m) To (m) Length Gold Silver DescriptionHole (m) Au g/t Ag g/tNumberHDD-1 34.8 49.0 14.2 4.14 150.0 veins in volcanosedimentary unitsHDD-2 geophysical target - no significant resultsHDD-3 drilled below mineralized float - no significant resultsHDD-4 39.1 60.1 21.0 13.74 544.0 brecciated and veinedincl. 54.1 60.1 6.0 43.56 1617.0 silicified calcareous mudstoneHDD-5 19.1 29.7 10.6 7.95 263.4 structurally-controlled quartz veinsincl. 19.1 22.7 3.6 22.00 697.0 in volcanosedimentary unitsHDD-6 intersected broad quartz-veined zone with low gold and silver valuesHDD-7 88.5 97.5 9.0 1.84 45.1 quartz veins in silicified conglomerate
The Holly Property is located at the intersection of the regional-scale, E-W trending Jocotan Fault Zone and the extensional N-S-trending Ipala Graben. Veins at the Trench Ridge Zone and Holly Ridge Zone extend to the south of the Jocotan Fault into the calcareous mudstone basin (Trail Zone). Strong silicification in the mudstone unit is associated with significant brecciation and veining and presents a compelling exploration target.
Untested gold-silver mineralization is also found in Paleozoic phyllite and quartzite units to the north of the Jocotan Fault Zone. Surface sampling at the Karen Zone, located in this area returned samples up to 112.4 g/t gold and 5,600 g/t silver 200m to the north of and on strike with the Holly Ridge (HDD-5) zone.
These are excellent results and plans for further drill testing of the Holly Property are underway. The next phase of exploration program will continue to test the down-dip and along strike portions of the mineralization, explore the resistivity anomalies, and pay special attention to the extent and significance of the silicified and mineralized mudstone unit.
Similar gold/silver mineralization is found at Radius's 100% owned Banderas Property located eight kilometres SE of the Holly Property on the NW corner of the same Tertiary rhyolite dome field.
The legal situation created by the failure of a joint venture on the Holly Property first announced August 8th, 2002 and further mentioned in release 2002-11 on October 15th is resolved and the Company owns 100% of this property free and clear of any encumbrances.
For further information on the Company and its projects, please call toll free at 1-888-627-9378 or visit our web site at www.radiusgold.com.
CONTACT: TEL: 1-888-627-9378 Radius Explorations Ltd.
TEL: (604) 801-5432
FAX: (604) 662-8829
Radius (RDU) released some great results tonight. Here is an excerpt from the news release. Looks like quite a hole. I own some...
Radius releases Holly drill results
2002-12-17 17:03 PT - News Release
Mr. Simon Ridgway reports
HOLLY PROJECT DRILL RESULTS
Radius Explorations has released results from the drill program conducted on its 100-per-cent-owned Holly gold prospect located in eastern Guatemala.
The Holly property is host to a low-sulphidation epithermal gold system. The structurally controlled gold mineralization is hosted by volcano sediments and lagoonal calcareous mudstones on the north side of a rhyolite dome.
Highlights of the first phase of drilling include:
HDD-4 intersected six metres assaying 43.56 grams per tonne gold and 1,617 g/t silver within a broader interval of 21 metres that assayed 13.74 g/t gold and 544 g/t silver. The Trail zone is hosted by brecciated and veined calcareous mudstones with an associated geophysical resistivity anomaly indicating potential for continuity to the north, south and at depth.
HDD-5 intersected 10.60 metres assaying 7.95 g/t gold and 263.4 g/t silver. Within this is a high-grade interval of 3.6 metres assaying 22.0 g/t gold and 697 g/t silver. This hole tested the depth extension of high-grade gold values found in the volcano sediments at the Holly Ridge zone.
HDD-1 intersected 14.20 metres assaying 4.14 g/t gold and 150 g/t silver at the Trench Ridge zone. Hole HDD-7 tested the same zone 35 metres vertically below hole HDD-1 and confirmed the down-dip extension of this mineralized system.