Giralia Resources has surged this morning and buy depth has swollen significantly. No announcement has been made today so one supposes the rise must be a delayed response to last week's announcement that the company will survey the exciting Daltons nickel prospect later this month. If those old reported grades from the '70s are borne out by further drilling, I guess the market will have something to get truly excited about.
For those who missed it, I posted the following last Friday:
'Giralia Resources announced yesterday that it will commence surveys of the exciting Daltons nickel prospect later this month.
High grade massive nickel-copper sulphides were reportedly intersected at Daltons in the 1970s including 0.9 m @ 9.29% nickel and 3.59% copper. In-fill drilling will also take place south of the Kingsway zone where strong surface gossan results were obtained (up to 7.0% nickel and 52 g/t PGE + gold).
The company also announced the acquisition of a new 100% owned nickel project in Queensland.
Looks like an interesting next few months for those interested in a small cap stock with some blue-sky potential.'
I hold. GIR is currently trading at 0.185 cents.'
R/Gupper
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
