PEDIMENT EXPLORATIONS (PEZ.v)

Nice to see PEZ.v moving again!

Bob Moriarty wrote on April 16, 2007:

Quote :

La Juliana has all the potential for being a Mulatos size project. There is oxidized, visible gold at surface, it is on the same NW running trend as a major deposit only 6 km away already in production and surface sampling indicates the potential for bulk tonnage. Grades are similar to Mulatos and they have scheduled the start of the lie detector machine (Drilling) for the next few weeks. This project alone has company making potential.

Now this from today’s PEZ News Release:

Quote :

Results have been received from drill testing of potentially higher-grade portions of the Juliana option in southeastern Sonora state. The results reveal gold mineralization but failed to meet the company's minimum requirements, so the option to acquire the project has been relinquished and the ground returned to the vendor.

Ouch! Moriarty makes mistakes, too!

I have to admit I am a little disapointed.

I am a little surprised at PEZ's strength today, quite impressive. I have a fair sized position in PEZ I may trim this one a little in a month or so, probably just before I go to Mexico. Just curious, how many own this one.

I have a little. I bought it up to 3% of my portfolio after you started talking about it, then I trimmed back to about 1% to buy more MMG and others...

I had more PEZ a few months ago but cut back to buy some other stocks. Wish I had hung on to it longer!

Although there has been recent purchases by CEO Freeman, there has also been too much insider buying and selling of company stock for my taste.

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=Pez

I have sent an intention update to paid subscribers.

Not a bad report, huh?

Pediment Exploration Drills 12.19 m of 19.87 g/t Gold Within 84.12 metres of 3.79 g/t Gold

11:15 EDT Monday, July 30, 2007

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 30, 2007) - Pediment Exploration Ltd. (TSX VENTURE:PEZ)(FRANKFURT:P5E) -

After having finished the first seven drill holes of its planned 10,000-metre reverse-circulation program at the Los Planes zone in the San Antonio project, Baja California Sur; Pediment Exploration Ltd. is pleased to report that initial assay results from the program have significantly increased mineralized volume at the project. Results have been received from four drill holes, three of which: PLRC-01, PLRC-05 and PLRC-07, fully penetrated the known thickness of Los Planes system, which is located north of the Las Colinas historic resource. Hole PLRC-06 was stopped at 62 metres and short of intersecting its target due to difficult ground conditions. Another drill hole in this area is planned with vertical orientation.

Summarizing the combined intercepts of each drill hole received below are as follows:

PLRC-07 84.12 metres of 3.79 grams of gold per tonne.

PLRC-05 100.58 metres of 1.60 grams of gold per tonne (near true width), and

PLRC-01 83.82 metres of 1.47 grams of gold per tonne (near true width).

Brief description of drill results

Drill hole PLRC-07 is located 50 metres west of previously reported core hole LCDD-20 and was drilled vertically. The hole has returned 84.12 metres of 3.79(a,b) grams per tonne gold, which includes 12.19 metres of 19.87 grams per tonne gold. Since the mineralized zone has a calculated dip of 45 degrees to the west, the true thickness of the zone is calculated at approximately 59 metres in this section. Hole PLRC-07 is the most northerly test of the Los Planes shear system to date.

(a) This interval includes one additional sample that assayed greater than 10g/t gold by Atomic Absorption, and is thus here averaged with the rest of the samples as 10g/t gold. The fire assay, gravimetric finish result for this individual sample will be reported when received.

(b) Grades were not cut for calculating average grades in the interval

Drill hole PLRC-05 is located 100 metres south, along trend from hole PLRC-07 and between previously reported core holes LCDD-18 and LCDD-19. Hole PLRC-05 has returned 18.29 metres of 2.28 grams per tonne gold in an Upper Zone and two further intersections of 15.24 metres of 2.0 grams per tonne gold and 62.48 metres of 1.357 grams per tonne gold, which include higher-grade sections of 3.05 m of 7.27 g/t gold, and of 13.72 m of 4.87 g/t, respectively. In contrast with hole PLRC-07, this hole was drilled at a -50 degree angle to the east and the length of its intersections are near true thickness of the zone.

Drill hole PLRC-01 is located 100 metres south, from PLRC-05 and 100 metres east from Echo Bay's reverse-circulation hole SA97-120. Hole PLRC-01 returned 24.38 metres of 1.20 grams per tonne gold in the Upper Zone, and 59.44 metres of 1.58 grams per tonne gold in the Main Zone. The Upper Zone in RC-01 begins 18.3 metres down-hole and is the oxidized portion of a zone that included 16.5 m of 2 g/t in SA97-120; the Main Zone in RC-01 begins 90 metres down hole.


Table of reverse-circulation drill results from the San Antonio project,
Los Planes zone

From To Length Au
Drill hole (m) (m) (m) g/t Comments
07PLRC-07 53.64 59.74 6.10(i) 0.30 Oxide zone
and 218.24 302.36 84.12(i) 3.79(ii) Sulphide zone
including 227.38 239.57 12.19(i) 19.87(ii)
including 251.76 263.96 12.19(i) 2.37
including 268.43 302.36 39.93(i) 0.89

07PLRC-05 2.44 7.01 4.57 0.86 Oxide zone
and 71.02 89.31 18.29 2.28 Sulphide zone
including 77.11 81.69 4.57 7.68
and 103.02 118.26 15.24 2.00 Sulphide zone
including 103.02 106.07 3.05 7.27
and 128.93 191.41 62.48 1.36 Sulphide zone
including 171.60 185.32 13.72 4.87

07PLRC-01 16.76 41.15 24.38 1.20 Oxide zone
and 89.92 149.35 59.44 1.58 Sulphide
including 105.16 109.73 4.57 3.08
including 126.49 131.06 4.57 3.14

(i) Not true width. Hole was drilled vertically and mineralized zone is
calculated to dip 45 degrees to the west.
(ii) One sample that has graded greater than 10g/t Au remains to be
reassayed by gravimetric finish. A value of 10g/t Au has been used
temporarily to calculate the interval.

Bull: Kudo's !!! Nice trade for you on this one. I guess a new top 5 silver stock list is in order soon. Keep up the great work !!

RAM

Thanks Ram!

Updates are forthcoming.

Interview with the Prez of Pez

Powerful statements against dilution!

http://www.kereport.com/DailyRadio/Daily073007.mp3

Moriarty still loves PEZ
http://www.321gold.com/editorials/moriarty/moriarty080307.html

WAY-TO-GO! Studbkr!

Maybe I sold too soon.

I'm waiting for a re-entry point pullback (or maybe it will leave me face-down in the dust like TAM did!)

Looks like right now we have a pole formation on the chart. If we see zig-zag sideways trading, developing the flag part of the pole and flag formation, maybe we see another 50c to $1.00 on the upside in a short period of time. I think we need to keep EarthMonkey on top of this one. Looking at the drills more closely might be a good idea as well. Sure would be something to have PEZ make an open pit out of this situation. I personally think there is a lot of attention at this stage; not my style to hang on when everything seems perfect. I get scared when everything is going right.

Request for action

--------------------------------------------------------------------------------

I intend to be in Mazatlan Mexico soon. From there I could take a ferry to La Paz, which is a 45 minute taxi ride to Pediments Las Colinas property, which depending on continued drilling, could result in a multi million oz company maker project.

I would like to get a first hand view of the property to better understand the different drill zones. I have talked to Michael Rapsch of PEZ recently and requested permission to visit the drill site. I understand the current drill program will go on for another two months or so. Michael said he would run it by CEO, Gary Freeman.

I am asking those interested in PEZ to email Micheal or Gary, asking for cooperation in making a visit possible. I will be happy to share video and my research from such a visit with all who CC their email to services@silverbullreport.com wither you are a subscriber, or not.

I think we can do much working together, any thoughts on this idea?

Pediment contact info.


Head Office:
720 - 789 West Pender Street
Vancouver, BC
Canada V6C 1H2

Tel: 604-682-4418
Fax: 604-669-0384Mexico Office:
Boulevard Progreso y Solidaridad 628
Plaza Puesta del Sol Local 12
Colonia Pilares
C.P. 83117 Mexico

Tel: (526) 621 368 080
E-mail: investor@pedimentexploration.com

To anyone:
Below is a news release from Pediment Explorations about some drill results. I see these types of posting alot. I would really like to be able to understand what the company is talking about. Is the below report great news, good news or just news?

Clueless



Pediment drills 89.92 m of 1.04 g/t Au at San Antonio


Pediment Exploration Ltd (C:PEZ)
Shares Issued 29,160,968
Last Close 9/17/2007 $1.68
Tuesday September 18 2007 - News Release

Mr. Gary Freeman reports

LOS PLANES EXTENDED 200 METRES NORTH; MORE HIGH GRADE INTERCEPTS

Pediment Exploration Ltd. is releasing results from an additional six holes, PLRC9-13 and PLRC-18, part of the continuing 10,000-metre, reverse-circulation drill program at its 100-per-cent-owned San Antonio project in Baja California Sur, Mexico. Holes PLRC-09 to -11 extended the Los Planes zone to the north. Holes PLRC-12, -13 and -18, were drilled on section N39750, which contains previously reported hole PLRC-05. All holes reported positive gold-grade intervals and three of the holes bottomed in mineralization.

Drill plan: http://www.pedimentexploration.com/i/pdf/sep182007_SA_NR_Plan.pdf

Northern Los Planes area PLRC-09 is located 100 metres north of hole LCDD-20, which is, in turn, located 50 metres east of previously reported reverse-circulation hole PLRC-07 which cut 84.12 metres of 3.79 grams of gold per tonne. Hole PLRC-09 intersected 81.38 metres at 2.02 grams of gold per tonne, including the higher-grade interval of 20.42 metres at 5.43 grams of gold per tonne. This hole bottomed in mineralization.

PLRC-11 was drilled vertically on the same pad as hole LCDD-20, 50 metres east of hole PLRC-07 and intersected three separate mineralized intervals for a cumulative total of 114 metres containing a weighed average grade of 0.8 gram of gold per tonne. The deepest intersection of 36.58 metres grading 0.98 gram per tonne gold extended to the bottom of the hole.

PLRC-10 is the northernmost hole completed at Los Planes, 100 metres north of hole PLRC-09 or 200 metres north of the line of hole PLRC-07. Hole PLRC-10 intersected 13.72 metres of 1.41 grams of gold per tonne, thus extending mineralization 200 metres north from hole PLRC-07. (See the last section of the press release for further detail on this area.)

PLRC-08, collared 350 metres north of hole PLRC-07 was attempted before sufficient drill casing was delivered to site, was ended in pediment cover and will be redrilled later.

Cross section -- line 8600 East (looking west): http://www.pedimentexploration.com/i/pdf/sep182007_SA_NR_Section_E98600.pdf

Section N39750 and eastern extension of the Los Planes zone

PLRC-13 is the easternmost hole drilled on section N39750, located 100 metres east of holes PLRC-06 and PLRC-12. Hole PLRC-13 is located on the hangingwall of a postmineral, north-northwest-trending fault. The fault drops the mineralized zone on its eastern side, thus creating a repetition of the west-dipping mineralized body. This hole cut 41.15 metres of 0.91 gram of gold per tonne of mostly oxide material.

PLRC-12 was drilled vertically on the same pad as PLRC-06 which was drilled with a dip of minus 50 degrees to the east and ended prematurely due to technical problem. PLRC-12 successfully tested the complete mineralized body intersecting 33.53 metres of 2.68 grams per tonne gold, including 7.62 metres of 8.77 grams per tonne gold.

Hole PLRC-18 was drilled vertically on the same pad of previously reported hole PLRC-05 which was drilled with a dip of minus 50 degrees to the east. The latter has produced some of the best results at the Los Planes zone and the objective of hole PLRC-18 was to test the mineralization down-dip from hole PLRC-05. Hole PLRC-18 intersected 89.92 metres of 1.05 grams per tonne gold, including a high-grade interval of 7.62 metres of 5.55 grams per tonne gold. This hole also bottomed in mineralization.

Cross section -- line 9750 North (looking north): http://www.pedimentexploration.com/i/pdf/sep182007_Section_N39750.pdf


DETAILED DRILL RESULTS

From To Length Au
Drill hole (m) (m) (m) (g/t)

PLRC-09 155.7500 237.1300 81.38 2.023
including 184.7100 205.1300 20.42 5.428
PLRC-10 241.7100 255.4200 13.72 1.407
PLRC-11 100.8900 166.4200 65.53 0.719
and 172.5200 184.7100 12.19 0.659
and 207.5700 244.1400 36.58 0.983
PLRC-12 78.3300 111.8600 33.53 2.679
including 79.8576 87.4776 7.62 8.765
PLRC-13 66.1400 107.2900 41.15 0.914
including 73.7600 79.8600 6.10 1.863
PLRC-18 172.8200 262.7400 89.92 1.045
including 195.6800 203.3000 7.62 5.554



Discussion

Holes PLRC-09 to -11 have extended the Los Planes gold zone for a further 200 metres to the north. PLRC-09 was particularly strong with 81.38 metres at 2.02 grams of gold per tonne, while hole PLRC-10 contained a narrower intercept of 13.72 metres at 1.41 grams of gold per tonne. Based on the narrow interval in hole PLRC-10 and deepening of the zone, Pediment Exploration's geologists have reinterpreted the strike of the Los Planes mineralized zone from north-south to north-northeast, dipping to the northwest. Additionally, hole PLRC-10 is interpreted to be within a small down-dropped block between basin faults with northwest trends. These faults define a small Pliocene basin with sand and gravel fill. Pediment continues to explore the eastern side of this fault in order to test the oxidized gold mineralized zone to the east. The 37 holes drilled to date have not yet discovered the lateral limits of the Los Planes gold mineralized zone.

Oxide mineralized volume has continued to increase with an irregular oxidation boundary averaging nearly 100 meters depth. Many prior reverse-circulation and core drill holes show good intervals of oxidized gold mineralization including PLRC-13 located east of the basin fault. The growing oxide resource will be important in developing a heap leach gold deposit.

Vice-president, exploration, Mel Herdrick, MSc, is a qualified person as defined by National Instrument 43-101, and has approved the information contained in this release. The project is supervised Pedro Teran, MSc, who maintains the quality assurance and quality control program, including regular insertion of blank and standard assay verification samples. Sampling and assaying is conducted by ALS Chemex. Sample prep is done at its facility in Hermosillo and then sent to be assayed at the Chemex facility in North Vancouver, B.C. Analyses are performed for gold by fire assay with AA finish, with overlimit (plus-10 grams per tonne gold) samples reassayed by fire assay with a gravimetric finish.

© 2007 Canjex Publishing Ltd.

mmock,

These latest drill results are okay, but not great, at least by themselves.

What you have here is drill intercepts that start quite deep for the grade. you want to see at least 10 grams per tonne for underground mining and 1 g/t for open pit. A 1 g/t you would need a lot of tonnage. I don't think they are bad persay, but PEZ will need to continue to drill and hit some higher grades at depth or find mineralizaion in the vicinity at surface or near surface.

BTW you always have to keep in mind the previous drills on the same structure.

To Bull:

That was great information. Two questions, does width matter such as the gold or silver was found in a 1 meter or 4 meter width and why?

Thank you.

The wider the vein, the more gold will be there, but another important factor is...Well read this write-up I did a while back. Let me know if it helps.

http://www.silverbullreport.com/pacificcomox.html

To Bull:

That report helped me out a lot. I was informed by another person to purchase this book mining expained. I like what you said about the company.

www.northernminer.com/products/miningexplained/explained.asp

When to buy back in? There were good drill results out lately, but shareprice hardly reacted.
http://biz.yahoo.com/iw/070918/0303806.html
I've made a note not to buy back in before C$1.20.

I had a hard time selling PEZ, but I wanted ORM for the big sliver rally.

I think PEZ is a good buy. I think Gary Freeman will accomplish a tremendous amount over the next few years.

Whoa! Up 22% today to $2.65 right now...