re: Ann: West Warrego Drilling - Report on Fi... Results from 2 holes still to come.You need to expect some dusters with this type of exploration in this area.
Think some people are totally thinking short term,and not seeing the huge potential explained in the announcement.
They have just geologically proven an extension of the Tennent Creek Goldfield in virgin ground of modern exploration,this dose'nt happen every day!.
All four holes intersected Tennent Creek-style magnetite ironstone bodies,with chlorite and haematite alteration,typical of the historic mines of the goldfield. They have only drilled the first 3 of some 25 magnetic anomalies within the West Warrego Project and at least another 25 targets within the new farmin agreement.
Plenty of future drilling ahead,only one out of these 50 targets needs to hit paydirt,now that the same geological interpretation has been proven,the odds of finding the good stuff must be vastly improved.
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