Well, we haven't got the 5g/T and above which we think is needed for the grade average to be commercial.
It appears the 3° divergence in the Drill Hole means it missed the target. But it's only the first Drill Hole & I think not too surprising.
There was too much hype over NAD001 imo, lead'g to unrealistic expectations. It was always going to be about exploring, fine tuning and understanding the geological structures in order to identify where the gold is located.
"NAD001 was successful in that the understanding of the structural controls on mineralisation have been greatly improved, allowing for the development of a more robust model for mineralisation in the Nagambie Mine area."
More waiting but that has always been the "name of the game". PASS timelines are now more transparent which is good and Approval Extension appears imminent which is great to hear.
Ann: Quarterly Report, page-3
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