re: Ann: Aggressive Exploration Program on Sa... Mineweb. quote,...

re: Ann: Aggressive Exploration Program on Sa... Mineweb. quote, 13 Feb 2010 .,;
"Then there is Alchemy Resources, which, apart from other things, is running in the fast lane on some of the heady sandalwood scents from Sandfire. Last Month Alchemy announced that it was pleased to be embarking on "an aggressive exploration drilling campaign which will see it test at least 13 copper-gold targets adjacent to Sandfire Resources NL's Doolgunna discovery in the Gascoyne region of Western Australia"."For now, the steam has run out of the modern Colombia "gold rush", if stock price patterns alone are utilised as a guide. The top runner gold stocks currently, based on stock price patterns, rank as Mirasol, Atac and Sandfire. Sandfire's power stock price moves started after the April 2009 strike, a mouthwatering one, at the "Doolgunna" copper-gold discovery.Drill holes at the specific DeGrussa target included 53 meters at (an eye-popping) 17.3% copper and, to boot, 2.5 grams per ton of gold. The consensus, such as it is, is that the discovery looks to be at least 5m tonnes, with an average grade of 4-6% copper and two to three grams per tonne of gold.Specialist analysts have spoken to a number of respected geologists, including one who has inspected the drill core, which he describes as visually comparable only to the FNX Mining Sudbury Basin high grade chalcocite copper massive sulphide orebody. Rough calculations suggest that DeGrussa's apparent 10 meter thick, 350 meter long, 200 meter deep, 5m tonne orebody at 4% copper is worth circa AUD 500m, equal to about AUD 5.00 per Sandfire share. gold ten-baggers

Stock
From
From
Value


price
high*
low*
USD bn

Sandfire Resources
AUD 4.20
-4.3%
8650.0%
0.403


Alchemy Resources
AUD 0.75
-40.9%
1685.7%
0.045


Nothing new, but nice to read the thoughts of Experts, DYOR / DYOR.