Bottom line, we held up good today, considering a false rumor of news, which pumped it up too fast. Congratulations to those who sold, and got back in on the bottom. We seen the post, that is was a false rumor. However, we held for the GEO. Myself, and some friends bought millions on Friday, Monday, and Tuesday. We are not selling, and holding for the GEO report. We are at the 7th week, waiting on the report, which can come in any minute! The company usually has a good feel for the report, and if they had any indication it was going to be bad, they would of dumped billion of shares by now. Previous sampling has shown very high gold concentration. History tells us we could be sitting on the mother load! This is still a high risk, and you should never invest what you are not willing to loose. However, if the report is great we will see an unbelievable run to multiple pennies. I was watching level-2 all day, and nite was accumulating at .0021-.0023. We should start to move back up again tomorrow, and we don't need the GEO report to buy at these levels. If we hold this bottom tomorrow morning, we are good to go...No risk, no reward! GLTY
Cannon has acquired an option for 100% interest in the formerly producing Queen Alexandra mine, located just outside of Dryden in northern Ontario, Canada. The mine consists of one shaft and one exploration pit which are 65 meters apart, and seven trenches.
The Queen Alexandra Mine has known gold values, having produced gold in the past. In the early 20th century, an English mining syndicate sank an 85 foot shaft and milled 18 tons of ore, grading 16.6 ounces of gold. Cannon Exploration has conducted limited ground geophysical surveys on the project, which have indicated a conductive zone in the immediate shaft area located on the property. The survey also reconciles with and supports the known historical information that mineralization is present in that area, and trends along the same zone where the one shaft and exploration pit, as well as several trenches, exist.
AI
