Goldcliff Resource Corporation (GCN)

[Biochemist2002]

I highly doubt that is why. These drill programs cost serious money and if they had any confidence in the results, they would not have delayed publicizing them nearly two years. These programs are professionally designed. Naturally the BEST spots are always checked the first time. This is something everybody would do. There may be a legitimate reason for the delay, but unfortunately the results were horribly weak anyways--the vast majority were well below 1 g/t, and none even exceeded 2 g/t.

Posted by: gump90 Date: Tuesday, August 31, 2010 10:44:28 PM
In reply to: Defuser who wrote msg# 92604 Post # of 93747

No...2 or 3 grams of gold per tonne are definitely NOT good enough.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53929571

Sure they had some width, but all the width in the world matters not when theres little-to-nothing there in the first place. In addition, you have to consider dilution from surrounding material too. Retrieving anything here would be like looking for a needle in a haystack. The excitement edge took a hit. This could make it more difficult to raise the money to expand upon this program...hence the need to sell another 3.1 million shares to get $312,000 working capital.

From what I can tell, no new work on the horizon either. Looks like she could be going down much futher (no offense meant and I wish you well).