Past year: ▲ 261%(47.0c – 1.91 USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Sept 2011drilling result▲ GoodMajor
L62 returned 261.28 g/t over 3.6 m true width in U11-638, including 1,563 g/t over 0.5 m, 45 m from the earlier 39.75 g/t hole. Three months after discovery the zone was outlined over 75 m of strike and 300 m of dip, open in all directions, and management said it would materially change Seabee's reserves and production outlook, with development starting in the fourth quarter.
17 Aug 2011drilling result▲ GoodMajor
Follow-up drilling at the new L62 zone returned 39.75 g/t uncut over 10.0 m true width in U11-629, including 528.10 g/t over 0.7 m, plus 8.81 g/t over 4.9 m and 5.33 g/t over 4.8 m. Two of the seven holes were barren, so the zone was not uniform - but the grades were high enough to matter three weeks after discovery.
27 July 2011drilling result▲ GoodMajor
Half-year underground exploration at the Seabee Gold Operation returned 11.47 g/t over 3.7 m true width (U11-617) and 35.79 g/t over 1.2 m (U10-683) at Seabee Deep, 6.18 g/t over 15.1 m (SUG-11-006) at Santoy 8, and first economic grades from a brand-new zone, L62, 200 m from existing underground infrastructure (6.13 g/t over 4.8 m in U11-345). A second rig was moved onto L62.
