Friday, October 19, 2007

PEZ.V - The Gift That Keeps On Giving

I posted about Pediment Exploration a couple of times earlier this year (6/28, 7/25) as I saw some intriguing patterns developing on the chart. I thought that this was a good time to review what has happened since then. The stock is being recommended by a handful of newsletter writers, based primarily on the exploration success that they have had at their San Antonio project in Baja, Mexico.

There are several good sources of fundamental analysis of this company, so I will limit my comments. Suffice it to say that the chart below is a visual explanation of why I invest in the junior mining sector. It is a hit or miss game, but when a company hits big, the rewards can be staggering. I don't think Pediment is done yet. They are continuing to define the resource at San Antonio and are preparing to drill two more of their properties.


TheSlowLane said...

11/01/07 - Fantastic drill results from PEZ! These results are further confirmation that Pediment has the potential for a major gold deposit at San Antonio.

TheSlowLane said...

Pediment Exploration Ltd.: Los Planes Extended 100 Metres South With 88 metres of 2.44 g/t Gold
Thursday November 1, 5:13 pm ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 1, 2007 -- Pediment Exploration Ltd. (CDNX:PEZ.V - News)(Other OTC:PEZFF.PK - News)(Frankfurt:P5E.F - News) is pleased to report additional results from reverse circulation drilling at its 100%-owned San Antonio gold project, Baja California Sur, Mexico. Drilling has extended the main Los Planes zone by 100 metres to the south with thick intersections of good grade oxide gold mineralization and deeper intersections of gold in mixed/sulphide mineralization. A total of 10,500 metres of reverse circulation drilling has been completed to date. The drill program has been indefinitely extended in order to further expand and determine the boundaries of the Los Planes deposit. This release outlines all new results received to date, through drill-hole PLRC-27.

Please click on the link to see the updated drill plan:

Updated Drill Plan - Nov. 1:

Southern Extension

Drillholes PLRC-16, 17, 24 and 25 tested Los Planes south of line N 9,600 where the first four holes of the current drill program were collared (See news release dated August 17, 2007). All of these holes cut thick sections of shallow gold intersections in oxidized material, and deeper primary gold mineralization. PLRC-25 collared 50 metres south of PLRC-03 intersected 88.2 metres of 2.44 grams per tonne (g/t) gold that included 19.8 metres grading 5.1 g/t gold, while PLRC-24 located 50 metres west of PLRC-25 cut 125 metres of mineralized shear that included 82 metres of 0.99 g/t gold. PLRC-16 and 17 were respectively collared 100 metres south of holes PLRC-01 and PLRC-04, and are the most southerly holes reported to date. PLRC-16 encountered 82 metres of mineralized shear that included 51.8 metres of 1.7 g/t, while PLRC-17 cut 108 metres of mineralized shear that contained 30.5 metres of 1.3 g/t gold and 88.4 metres of 0.98 g/t gold in separate sections.

TheSlowLane said...

Trying again with the links...

Drill Map

Drill results press release

TheSlowLane said...


Section 550 North

Section 600 North