I said at the start of this thread when the price was 2.2c...."good time to be drilling old gold mines with the gold price at US$1000 plus. If they hit some more along the quartz veins we might just be back in the green"
They have found more veins of gold and there are still results yet to be announced.
I also mentioned the drilling was a bit "hit or miss" which still means even with the drilling, the widths and gold content will be focussed around the apparent veins with small open pit ( I suspect) gold operations targeting the high grade results. The company is soon to announce the other assays, the balance of the drilling is due to be completed next week and there will be more gold assays announced. There is also the interpretation of the results yet to be announced. The current gold program is just one of the assets GDA are actively exploring that contributed to the recent market re-valuation of GDA. Any one of the projects has potential to underwrite the share price. Don't forget Warren B has extensive links with the China/ Hong Kong part of the world and there is little known about what discussions have taken place regarding potential foreign investment in the iron ore, Copper/Molybdenum and Uranium projects in the West.
GDA Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held