Punters might watch put this one on watch pronto ... "CB GOLD INC. INTERCEPTS 114.98 METRES AT 7.57 G/T GOLD INCLUDING 40.89 METRES AT 17.17 G/T GOLD IN A NEW MINERALISED ZONE"
Gapped up on the open and stayed up 17% on the day with big volume and Boyos wasted no time whatever in finding a live one to the tune of $ 11m big ones for a private placement.
On October 24, 2011 the company released NEWS
Up another 32% to $ 1.82 on 6.2m shares traded and this baby has some serious MO now.
Been a terrific stock to be in, those were some very impressive results. Not far from the La Bodega property that used to be owned by Ventana, also a very nice project. If CBJ continues to hit big grades over those kinds of lengths the future looks good indeed.
Interesting journalism with the point being, I suppose, to become a promoter as opposed to a public investor ... something we already know well eh?
"Two Vancouver-based stock promoters, Fabio Capponi and Giles Baynham, have turned their $100,000 investment in CB Gold Inc. into more than $30-million in a little over two years. It is their first promotion.
Last week, CB Gold revealed eye-popping drill results from its Las Vetas gold property in Colombia, sending the stock to $1.82 from 68 cents over five days on 23.38 million shares. One intersection in particular, a 115-metre interval at 7.57 grams per tonne gold and 1.48 grams per tonne silver, caught the market's attention, bringing instant fame to the company's two founders. Although over the past two days the company continued to be active, trading 6.24 million shares on Monday and 2.84 million shares on Tuesday, the stock has slipped 28 cents to $1.54."
Pointing out once again why a body rolls the bones EVERY time on the horrid venture bordello CBJ has released a re-assay at the request of the BCSC. Newly enriched boyos neglected a top cut, and now the only conclusion possible is that it was deliberate with the only possible saving grace being holes that are pending will confirm similar. We should not be holding our breath.
"As a result of a review by the B.C. Securities Commission, CB Gold Inc. is issuing this news release to clarify its technical disclosure provided in its news release dated Oct. 24, 2011, and on its corporate website relating to its Vetas gold project, district of Santander, Colombia.
In its press release of Oct. 24, 2011, the company reported a number of intervals from the first part of drill hole RM-DDH11-046, including one of 114.98 metres, and two intervals within it. The company is restating those results to show the potential impact of high-grade intercepts on the reported mineralized intervals, including the interval of 2.09 metres at 316.67 grams per tonne gold and 26.20 grams per tonne silver (31.32 to 33.41 metres)."
From Stockwatch ...
"Two weeks after revealing impressive assays from a drill hole at its Las Vetas gold property in Colombia, CB Gold Inc. has toned down the excitement with, as requested by the British Columbia Securities Commission, restated assays including a top cut. A top cut reduces (or cuts) an uncommonly rich assay, usually a short intersection, to a lower assay -- say from several hundred grams per tonne gold to 50 g/t -- and then the average of it and other assays is recalculated.
In its earlier news release of Oct. 24, CB Gold reported a 114.98-metre interval of 7.57 g/t gold, including 2.09 metres of 316.67 g/t gold, but used no top cut in its calculation. There is no suggestion the company tried to conceal the narrow intersection of extraodinarily high gold."