The announcement of underground drilling results can often prove to be a make or break trigger for a mining stock and that was the case with the Fabled Silver Gold Corp (OTCMKTS:FBSGF) stock on Tuesday.
Yesterday, the company made an announcement with regards to the addition results in relation to the underground diamond drilling that had been conducted at the 1200 meter drill program at Fabled Silver Gold Corp’s property named Santa Monica at Parral in Mexico. In this context, it should be noted that the results from the drilling programme did not create much excitement among investors and the Fabled Silver Gold stock declined by 2% as a consequence.
The company provided a detailed analysis of its drilling program and any interested investor could do well to take a look at the information. Fabled is primarily involved in the acquisition, exploration and operation of mining properties which can produce metals in the near term. Most of the company’s properties are in Mexico and it now has a management team in place which has extensive experience in the country. At this point in time, investors could keep the stock in their watch lists and keep an eye on the price action.