Ann: Horse Well Drilling Update, page-151

There is plenty of potential still in this stock and I am very hesitant to lighten my holding based on not hitting the honey pot on the first drill.

I am not a geologist but the differing views from our learned posters offer an insight as to the complexities of modelling ore bodies. They are, after all, models and cannot be applied with any certainty to a particular area. I remember talking to a well known geo at a gold mining conference. I ask him about another companys tenement which was not "sticking to the models" and was requiring a lot of study to see if the structures were following any previous known mineralisation interpretations. He said he would love to get his hands on it as that is what every geo lives for - to forensically break down something that is challenging and not sticking to a script. With this in mind HW may well provide a surprise in what is a highly prospective area.

Plenty of drilling and news flow to come. I will be very interested to see if there is a continuation of the hematitic ironstone in DD03. A hundred metres or so will get the tongues wagging!