EXS: Getting Closer to the 'Hinge Points'

The Mining Speculator (04/22/2011)
"EXS reported results from its Timmins Porcupine West (TPW) drilling program covering holes 37–44, and the results we are seeing continue to define a system, known as a 'Hollinger-McIntyre Model.' EXS continues to report results of economic grade and width as it progressively moves to depth and along strike. This is what I have been telling subscribers would be our indication that we are getting closer to the 'hinge points' of the system. We would see higher and higher grades and wider and wider intercepts as we move deeper and along strike. Eventually, we are going to hit what the market is looking for—a very wide high-grade intercept of mineralization. But what's more important to understand is the significance of the model we are now building. . .our model, if proven, would provide an enormous amount of economic high-grade gold right next to the best infrastructure situation you could ever hope for.

The company has hit mineralization on 45 out of 46 holes. I told you that as we went to depth and along strike we should expect to start seeing higher grades and wider intersections. We have. In my opinion, it is just a matter of time now before we hit the type of glory hole that ignites the market. The gold is there! Those who are from the Timmins camp understand this model and are quite excited. The next series of holes are going to tell the story. We are very close!"

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: