killick's Profile
killick's Posts
I will hang on to 3,000 shares post takeover. The rest I sold. I can't complain on my returns on PDG but can't help feeling a little betrayed. I am a little ticked off with myself because I had met some of the Players such as Brian over the years at PDAC and Cambridge House Shows. I really thought they would have done better for retail investors. After trading junior mining stocks for thirty years you would think I would have known better. I have a number of friends/acquaintances locally who like to pick my brain (slim pickings to be sure). I always tell them the number one thing to remember, in my opinion, is that, anybody involved in the operations and financing of junior exploration companies cannot be overly burdened with principles. My wife once accompanied me to a PDAC show and while there she asked asked why I enjoyed attending PDAC so much. I replied I like the thrill of it and likened it to immersing myself in a shark tank.
cheers
killick
Prodigy Gold drills 10 m of 8.55 g/t Au at Magino
2012-03-13 07:32 ET - News Release
Shares issued 241,292,907
PDG Close 2012-03-12 C$ 0.73
Mr. Brian Maher reports
PRODIGY DISCOVERS NEW HIGH GRADE ZONE: 10.0 METRES GRADING 8.55 GPT GOLD IN FOOTWALL OF MAIN MAGINO DEPOSIT
Prodigy Gold Inc. has discovered a significant thick zone of high-grade gold mineralization in the footwall of the main Magino deposit: drill hole MA11-205 cut 10.0 metres (83.0 to 93.0 metres) grading 8.55 grams per tonne gold within a thicker zone of 24.0 metres grading 4.22 grams per tonne gold (82.0 to 106.0 metres). This drill intercept correlates with a district scale zone of higher grade gold mineralization that extends from drill hole MA11-205 through the main Magino deposit and continues to the east to the Island zone being mined by Richmont Mines east of the Magino property (please see map below). This drill hole was targeted to confirm geologic interpretations by the Prodigy geologic staff; the results are significant for several reasons:
* The high grade mineralization seen in MA11-205 defines a distinct high grade structural zone at shallow levels in the Magino system. The gold mineralization in MA11-205 is in the footwall of the main Magino deposit, within the outline of the proposed open pit mining operation, and expands the gold resource potential of the Magino project. The gold zone is open at depth and along strike.
* The structural interpretation that led to the discovery confirms the model developed by the Prodigy geologic team. Deeper drilling along the structure, below the currently proposed open pit mining operation, will focus on the high grade zone cut by MA11-205. The potential for significant volumes of high grade gold mineralization, similar to the deep high grade zones at the adjacent Island mine, has been confirmed by this drill hole.
To view the map referred to above, please click on the following link: http://www.usetdas.com/pr/prodigymar132012002.jpg
Cross section and plan map of the Grif zone, Magino mine gold project. Drilling by Prodigy has also encountered thick intervals of low grade mineralization below the previously announced gold resource, confirming the potential to expand the proposed opne pit mining operation as the project is advanced to the feasibility stage later in 2012.
To view the map above, please click on the following link: http://www.usetdas.com/pr/prodigymar132012003.jpg
* Gold mineralization in drill hole MA11-205 is hosted by quartz-carbonate altered mafic metavolcanic rocks and associated iron formation. This is the first significant drill intercept by Prodigy in these host rocks and greatly expands potential target areas for additional high grade metavolcanic rock hosted gold mineralization.
Prodigy has also received the final results from its 2011 drilling program at Magino. Resource expansion drilling on the southwest end of the Magino gold deposit continues to document thick intervals of potentially bulk minable gold mineralization, results are tabulated below. Prodigy expects to release drilling results from early 2012 drilling at Magino shortly.
-***-
----------------------------------------------------------------------
SW and SW Extension
----------------------------------------------------------------------
DRILL FROM TO LENGTH AZIMUTH
HOLE (METRES) (METRES) (METRES) (360 DEG)
----------------------------------------------------------------------
MA11-180 188.0 189.0 1.0 164.1
MA11-184 217.0 239.0 22.0 161.3
MA11-186 nsv nsv nsv 162.7
MA11-188 210.0 214.0 4.0 158.4
MA11-190 nsv nsv nsv 160.9
MA11-197 90.0 92.0 2.0 155.5
124.0 133.0 9.0
MA11-198 324.0 589.0 265.0 161.4
including 331.0 371.0 40.0
MA11-203 62.0 341.0 279.0 160.3
including 62.0 100.0 38.0
MA11-205 82.0 106.0 24.0 162.9
including 83.0 93.0 10.0
271.0 343.0 72.0
325.0 343.0 18.0
MA11-207 262.0 289.0 27.0 161.8
MA11-208 313.0 337.0 24.0 164.3
-----------------------------------------------------------------------****-
-***-
----------------------------------------------------------------
Dip Est. True From To(Depth Grade 40
(angle Thickness (Depth below gpt
Below (metres) below surface capped
Surface (metres)) (gpt gold)
(metres))
----------------------------------------------------------------
-50.4 0.8 142.9 143.6 2.61
-49.9 16.7 164.9 181.6 0.79
-51.1 na na na nsv
-49.4 3.0 159.6 162.6 10.50
-51.2 na na na nsv
-50.3 1.5 68.4 69.9 2.35
6.8 94.2 101.1 0.74
-48.7 201.4 246.2 447.6 0.42
30.4 251.6 282.0 1.06
-49.1 212.0 47.1 259.2 0.42
28.9 47.1 76.0 1.02
-49.4 18.2 62.3 80.6 4.22
7.6 63.1 70.7 8.35
54.7 206.0 260.7 0.69
13.7 247.0 260.7 1.27
-49.9 20.5 199.1 219.6 0.89
-47.6 18.2 237.9 256.1 0.55
True Thickness is estimated to be 76% of the Length value
----------------------------------------------------------------
-****-
-***-
----------------------------------------------------------------------
In-Fill/Expansion (Deep Holes)
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DRILL FROM TO LENGTH AZIMUTH
HOLE (METRES) (METRES) (METRES) (360 DEG)
----------------------------------------------------------------------
MA11-183 347.0 486.6 139.6 166.8
MA11-191 370.0 525.0 155.0 166.5
including 424.0 469.0 45.0
666.0 702.0 36.0
----------------------------------------------------------------------
-****-
-***-
----------------------------------------------------------------
Dip Est. True From To(Depth Grade 40
(angle Thickness (Depth below gpt
Below (metres) below surface capped
Surface (metres)) (gpt gold)
(metres))
----------------------------------------------------------------
-58.9 106.9 265.8 372.7 0.97
-66.4 118.7 283.4 402.2 0.66
34.5 324.8 359.3 1.22
27.6 510.2 537.7 1.09
True Thickness is estimated to be 76% of the Length value
----------------------------------------------------------------
-****-
-***-
----------------------------------------------------------------------
Condemnation
----------------------------------------------------------------------
DRILL FROM TO LENGTH AZIMUTH
HOLE (METRES) (METRES) (METRES) (360 DEG)
----------------------------------------------------------------------
MA11-185 nsv nsv nsv 92.8
MA11-189 nsv nsv nsv 95.5
MA11-193 nsv nsv nsv 92.7
MA11-194 nsv nsv nsv 164.1
MA11-195 nsv nsv nsv 345.2
MA11-196 nsv nsv nsv 90.7
MA11-199 nsv nsv nsv 344.7
MA11-200 229.0 239.0 10.0 97.0
MA11-201 nsv nsv nsv 165.7
MA11-202 nsv nsv nsv 346.2
MA11-204 nsv nsv nsv 345.3
MA11-206 nsv nsv nsv 96.9
----------------------------------------------------------------------
-****-
-***-
----------------------------------------------------------------
Dip Est. True From To(Depth Grade 40
(angle Thickness (Depth below gpt
Below (metres) below surface capped
Surface (metres)) (gpt gold)
(metres))
----------------------------------------------------------------
-50.2 nsv nsv nsv nsv
-50.0 nsv nsv nsv nsv
-50.7 nsv nsv nsv nsv
-49.8 nsv nsv nsv nsv
-50.9 nsv nsv nsv nsv
-50.5 nsv nsv nsv nsv
-48.7 nsv nsv nsv nsv
-50.0 7.7 175.4 183.1 0.52
-50.5 nsv nsv nsv nsv
-51.2 nsv nsv nsv nsv
-50.2 nsv nsv nsv nsv
-49.6 nsv nsv nsv nsv
True Thickness is estimated to be 76% of the Length value
----------------------------------------------------------------
-****-
All scientific and technical information for the Magino project has been reviewed and approved by Tom Pollock, P.Geo., Prodigy Gold's Vice President - Exploration, who is a qualified person under the definitions established by National Instrument 43-101. Drill core at Magino is boxed, covered, and sealed at the drill rig and moved to the Prodigy logging and sample preparation facilities by Prodigy Gold personnel. The core is then split down the centre using a typical table fed circular rock saw normally at one metre intervals. One half of the core is sent for assay to ALS Chemex, 2090 Riverside Dr., Timmins, ON, P4R 0A2, while the other half is returned to the core box and stored at Prodigy's sampling facility in a secure, fenced off, area. Prodigy QA/QC procedures include the regular use of blanks, standards and duplicate samples in addition to sending 10% of the samples off to a second lab for check assays. Samples assaying > 3.0 gpt gold are automatically re-assayed by the metallic screen method. Gold assays greater than 40 gpt are capped at 40 gpt when calculating composite intervals in drill holes. Drill holes are directed as much as possible perpendicular to the strike and dip of the mineralization at Magino. As a rough estimate the true thickness of the above intercepts is approximately 76%.
We seek Safe Harbor.
Thank you.
My intent was not to annoy anyone but just to point out an observation that has stood me well over the years. However, I have held a core position for a long time and would be happy enough if the price rose steadily from here and we never say the sixties ever again. But if we do I would add more.
I have been playing the junior mining stocks for close to thirty years now and I am reluctant to call any play a sure thing. PDG does however have a better than average chance (much better IMHO) of giving us a good payday over the next while. Investors who have been buying in the price range experienced over the past few weeks will do okay in the long run.
PDG is a totally different company than the KXL of Caribou Lake and Golden Mile fame. I have talked to Brian Maher at several PDAC and Cambridge House events. He is a straight shooter in my book.
cheers
Killick
Taylor refreshes buy of Golden Hope
2012-02-29 15:41 ET - In the News
Shares issued 130,835,835
GNH Close 2012-02-28 C$ 0.30
Jay Taylor, in the Feb. 17, 2012, edition of Gold, Energy & Tech Stocks, refreshes his buy of Golden Hope Mines Ltd., recently 27 cents. Mr. Taylor said buy on Aug. 16, 2010, at 58 cents and again on Dec. 16, 2011, at 12 cents. Assuming a $1,000 investment for each buy, the $2,000 investment is now worth $2,715. Golden Hope has drilled 6,140 g/t gold over one metre at its Bellechasse property near Quebec City. Mr. Taylor explains outlying grades such as this one may create statistical problems for a company working on a resource estimate; samples from the next hole may turn up nothing, making averaging difficult. Currently the average grade at Bellechasse is two g/t or potentially three g/t. Now, Golden Hope is testing the possiblity that the spectacular assay above comes from a feeder zone; it has drilled two wedge holes and sent samples to the lab. Mr. Taylor says he continues to believe in the multimillion-ounce potential of Bellechasse. He eagerly awaits the wedge drill results. In the meantime, he is pleased because the company has finally given him a good reason to hold on to the stock. He admits he became impatient last year when Golden Hope was falling, and there was no exciting news.
As a general rule of thumb when I hold shares in a company that does a flow thru financing I expect a twenty-five to thirty percent drop from the price of the flow thru shares. In this case the flow thrus are prices at .95 so I anticipate that the price will bottom out at around .66 to .71 barring other news or shocks. If they do I will add more. Not bashing and my opinion only of course. But this rule works for me more often than not.
Disclaimer... I have held shares in this stock since Noah was a oakum boy.
cheers
killick
CJR
Canaccord was the big seller yesterday selling 612,500 and buying 4,000. TD was the big buyer buying 245,500 and selling 10,500.
cheers
killick