Ann: Operations and Corporate Update - 64North Project Alaska, page-24

Yeah, they have one completed hole, and will soon also have assays from the second hole (drilled to 194 metres so far).

Maybe change your sentiment to 'hold' as you personally don't think that "not much can be deduced from one hole" (again, there will also be assays from 194 metres of a second hole).

One think that can be 'deduced' - probably the better word is 'proven' - is whether the Pogo style mineralised system on the RML side of the fence contains Gold.

I read somewhere that its a 20m section not that deep that looks the goods.

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Greg Beischer:
I'll tell you the truth. We're really, really excited about what we see. We collared the hole, and to our surprise it was intersecting mineralization almost right away. Through the whole first 320 meters of the first drill hole, we are seeing veins here and there with the pyrite and arsenopyrites, and those are great indicators that there's also gold. But then we hit a really nice stretch at about 240 meters that was very heavily veined. Multiple veins of quartz with an abundance of pyrite, arsenopyrites, and even a little bit of the mineral bismuthinite, a bismuth sulfide.
We know that when we see those sulfide minerals nextdoor at Pogo, it means there's gold in it, too. I've seen drill cores through the Pogo mine and near the edges of it, and man, if you laid this drill hole out beside Northern Star's core you wouldn't be able to tell the difference, even as a trained geologist. It looks identical.