Gold junior set to soar

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Francis Dube

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Gold junior set to soar

posted on Aug 03, 2011 08:07AM

GAX, current MC of 10M, SF of 51M, FD 80M, 1M in the bank, 2.8M inshares of Red Ore in treasury, phase 1 drilling gave 79g/t over 3.6m and 19g/t over 5m in 9 holes. Second round of drilling gave 7 holes (out of first 8) of quartz tourmaline of 10m, 4 of them were over 40m and one was over 70m. Geophysics indicating multiple structures that have now been confirmed by drilling. Assays expected by end of August. Get them while they are cheap.