Ok - will try to put news clearly.
Results for one complete borehole presented. (SL-16-41)
Total depth drilled = 45m from surface!
Total spodumene intercept = 26m
Cut off 0.5%.
1m @ 0.6%
The remaining 25m @ >1.3% up to 4.1% - with 8m @ 1.7%.
So yes the results for the first hole are GREAT!
We now await results for the remaing 5 test holes drilled in the first campaign. Patience.
(footnote something is wrong in the report table - as their headline says 19m intercept in first hole - but add up drill results in table and it is 26m). Perhaps someone should query the news release to ADV mgt or ASX. 26m would make sense from the table and fit their statement that all holes intercepted >50% spodumene (as 19m < 50%).
In conclusion - Great result first hole. Awful and seemingly rushed or poorly worded news release. IMO they should have waited for all 6 holes to have results and then release the news.
ADV Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
