I'm going to cop it in the neck for being negative, but on a...

I'm going to cop it in the neck for being negative, but on a closer inspection of new results, I can see why hole 45 was rushed through to headline today's realase. Here is my interp plan updated with today's holes and HG 'mining reserve' outline adjusted. Probably another news bump to sell into than buy imo. Hole 45 doesn't add area size to the supergene blanket deposit size from before, but does add depth upside. Other 4 holes don't add greatly to the continuous Hg deposit area either for reasons discussed below.



Holes 19: 11m @ 1.67% starts at 72m depth below the BOX, and thus is LZ ore and/or more transitional low-weathered carbonatite, unrelated to the HG UZ supergene (SG) deposit. Getting deep, lower grade and thus may have different metallurgy.

Hole 20: 6m @ 2.1% is typical SG stuff sitting on the BOX in typical shallower position

Hole 21: 18m @ 2.5% Nb is good, but like hole 19 it also sits at bottom of the LZ or in transitional more related to primary Nb m ineralisation than SG blanket. Good grade under 90m and possibly discontinuous when infilled isn;t much value add at this stage.

Hole 23: straight up duster, closing off main SG deposit to north

Hole 45: Obvioulsy one of the better early holes drilled after may 1st, extension of NE strike of HG main zone.