results due - worth watching

The last announcement is now nearly 2 weeks old. The sentence from the announcement which was particularly interesting was:

"Assays are awaited for further drillholes which have intersected the new vein zone and the K1 vein."

Lookjing at the cross section on page 2, if there geological interpretation is correct then this assay should be significantly wider (approximately 2.5-3.0 times the drill width or 2.0 times if looking at true width) than KED-44 which returned 5.4m @ 15.7g/t Au.

The upcoming results will only be the second round from the current 30,000m program at Kestanelik in Turkey.

The charts below show how the stars are aligning for CHZ. The 50sma is about to cross the 100sma. If we look at the second chart you can see what happened the last time this event occurred. It preceeded a rise from around $0.20 to nearly $1.30. I believe the next run will be fuelled by both excellent and regular drilling results as well as the expectation of a million ounce maiden JORC resource to be released late in 2011.

In my opinion CHZ is definitely worth researching.