Mostly: Classical

[loantech]

GOZ.V http://www.goldoreresources.com/s/Home.asp

Disclaimer: As I posted earlier today I took a large 100K initial position long in GOZ.V. My interest was perked by Claude who publishes a mining stock letter http://www.ormetal.com . Over the years CC has shown remarkable ability to sniff out early stage projects that have come to fruition and made nice share price increases over time. MFL, BAY, FGX, CBD,SVL, etc. One of the directors and the Chairman of GOZ is the recent past president of Cumberland. Glen Dickson and his president and chief geologist Robert Wasylyshyn were responsible for the Meadowbank discovery in the mid 80's. I have spoken with Glenn several times over the past couple of years and he is someone I respect and trust. I did not jump on GOZ when it appeared in Ormetal the 1st of September but in conversation with Kerry of CBD last week or so I asked him about GOZ. He told me to call Glenn but mentioned he was a share holder. One of the kind posters here on Frank's thread gave me a link for Embry's show last week and what do you know, GOZ was one of the 1st stocks mentioned. John Embry likes the stock and I believe owns it in Sprott's gold fund. Well with those Three Musketeers behind the stock I figured I would take the plunge myself.

In conversation with Rober W. (the chief geologist and central American specialist)today I can offer some updates. Please though do your own due diligence and feel free to call Robert or Glenn yourself. They welcome shareholder inquiries. Their goal is to build share holder value. The past few months they have been building a suite of properties that they have acquired and some that they are negotiating to acquire. They may be close to announcing the acquisition of several new projects. WHO REALLY KNOWS THOUGH AS ATTORNEYS ARE INVOLVED. <g> LJ please forgive me. <g>

The new properties may have pretty decent potential as some of the properties that have been reviewed or rejected have had some drilling and some of them have historical underground workings that have given GOZ an idea of potential more than just scratching at the surface. Properties that have open pit potential and some with rich underground vein workings are being considered. Suffice it to say if you read the directors histories on the GOZ web site they know what they are doing and have a long and strong history of making discoveries.

There has been some grid and soil work and sampling done on the La Plata and Lorenzo properties in recent weeks. Expect some assays in the not too distant future. In addition GOZ has around $1,600,000 in the kitty now and some warrants coming in may add 500-700 K in additional funds. These proceeds will be used to start a drilling campaign on the sweetest targets of the parcels under ownership in November. 50-60K monthly burn rate.

Now that they are close to building the portfolio of properties they want they are going to start promoting the company.

One other thing, Glenn and Robert are focusing on Gold Ore Resources and are keeping their acquisitions under the umbrella of one company. They are not splintering off the cream to new incorporations and they are not off running other mining companies. Their focus is on GOZ period. Glenn is in Honduras now and will be available sometime next week.
Good luck if any one here buys in. I am long and strong and behind this venture and am happy to along for the ride.
Tom