From my understanding and happy to be corrected ... They are not...

From my understanding and happy to be corrected ...
They are not interested in proving up a small resource...

‘The broad spacing of these holes is tailored to finding a large gold deposit, so it is important to not be mesmerised by narrow high grade intercepts and to not drill too close too soon – a situation that can result in over-drilling and overspending for too few ounces defined. As previously stated, it is important to first understand the overall three dimensional stratigraphic and structural architecture before attempting to zero in on sweet spots.”

They are now looking for continuation of mineralization between previous holes...
That if proven could be used later to prove up a large resource over 1500 metres.

“Numerous gold mineralised veins now identified in 5 wide spaced holes spanning 1,500 metres of strike at the Goornong prospect”
And
"Two initial follow up holes have been designed to assess the degree of connectivity or otherwise of the gold mineralised zones identified to date."

Hole 5 and 6 were the best intercepts of 12 metres at 4.1g/t and 10 metres at 4.2 g/t

Hole 7 same collar position as 5 and 6 and drilling to the North same as 5 and 6 but they (5,6) are 400 to 500 metres apart at hole end so probably down the middle of these 2 to infill- hole 8 will be from same collar position as 3 and 4 but drilling to the South to infill - hole 5

They went away to determine next steps after drilling 1 to 6 and have come back to drill 7 and 8 so they are not just plugging away deep holes they must of seen something or have a plan and want to further test the theory...They were initially drilling 10 holes….

One thing for sure is if the hit another high grade pocket while doing this the T/H will come about for visuals rather than assays as all the drilling Kirkland/Agnico has conducted that hit the Ultra grade stuff showed strong visuals in the core...The swan zone had an initial Mineral Ore Reserve of 2.34Moz of gold at a grade of 49.6g/t, refer to the NI 43-101 Report dated 31 December 2018).

That drill rig may be destined to head up to Glenlogan after completion of these holes.
Here's hoping....

This management team headed up by MB IMO will not disappoint and 2024 looks to be the year IMO …

Buyers happy to soak up around these levels – 1.2 million taken in 1 bite and a further 640k in another…..
But still no urgency so they are sitting and waiting....

The IP Geophysical survey could also create strong interest if they uncover some or an anomaly on the strike extensions of known gold-endowed structures such as the Fosterville and O’Dwyer faults….

Geophysics A broad induced polarisation (IP) geophysical survey has commenced in the northern part of the tenement following the signing of eight access agreements with local farmers. The survey covers the strike extensions of known gold-endowed structures such as the Fosterville and O’Dwyer’s faults, which respectively host the Swan and Curie deposits on Agnico’s Mining Lease, and which are largely concealed by shallow transported cover of the Murray basin in the northern part of the tenement. The aim of the IP survey is to identify hotspots along these structures which may reflect the presence of disseminated sulphides which tend to indicate areas of most intense hydrothermal alteration and, by association, gold mineralisation. Previous limited IP coverage on Agnico’s Mining Lease has shown a good relationship between chargeability anomalies and known sulphide alteration and gold mineralisation (see S2 ASX announcement of 16th February 2023).

They $7.43 million at quarters end
They spent $1.58 on operating activities and $1.33 on exploration for the March quarter.
They should have a cash injection of C$1.5 million or A$1.65million from the Finland sale So total $9 million…
So should be able to get to end of 1^st Quarter 2025 before another CR…
However they do need to get this share price much higher by whatever means they can (preferably a substantial discovery) so that the CR is at much higher price….
DEV good example still explorer with a 150 million market cap and climbing….
No discovery hole just anticipation of drilling to commence after the wet season and TG buying on market….AIMO…

Rerate potential could come from a number of possibilities – just hope its sooner rather than later…
Need some urgency to get off these lows...GL