Ann: High-Impact Drill Program to Commence at Frewena - Two Rigs, page-182

Hi everyone, I'm recently retired and with my blue chip portfolio firmly tucked away, I'm now looking to have some fun with my newfound free time at the high risk/high reward end of the market. I was intrigued with ICG's recent announcement last week and hence I've taken the plunge to buy in and join this forum.

I've since done some more research and was looking at the 29 March, 2021 announcement particularly the following:
The recent high-resolution core photography further reveals the widespread nature of alteration, structural deformation, veining, haematite and sulphides in drill hole NDIBK04. The company notes several zones of increased visible copper sulphide mineralisation that occur over broad intervals of NDIBK04 that include:

• 244.29m – 251.95m: Down-hole interval of 7.66m with varying pyrite-chalcopyrite-pyrrhotite-arsenopyrite content occurring as disseminations and vein selvages that includes a 2.3m interval of 20% pyrite + 8% chalcopyrite + 2% pyrrhotite (by volume) from 249.65m depth (see core photo in Figure 1 and selected core tray photos in Figure 2).
• 329.34 – 363.40m: Down-hole interval of 34.06m with increased pyrite-pyrrhotite as vein selvages to pervasive in nature, with spotty occurrences of chalcopyrite and bornite as vein selvages and disseminations (see selected core tray photos in Figure 3).
• 411.80 – 416.30m (EOH): Down-hole interval of 4.39m (open ended) with quartz veining with increased pyrrhotite-chalcopyrite-bornite that includes the final 2.18m of the hole logged with 4% chalcopyrite, estimated by volume (see selected core tray photos in Figure 4).

Given that we are still awaiting assay data, do others interpret that last 2.18m to mean 1.38% Cu too? Given the hole ended in mineralisation and strengthening at that with bornite, I believe this to be a discovery hole and hence my plunge into ICG. I happily bought in given the price at the time as I was surprised it was not higher! Has the broader market missed something or am I missing something? Also, does anybody know if ICG will definitely during this campaign re-enter NDIBK04 and offset or step out to further test this discovery hole? I note the following comments from last week's announcement on the proposed hole MLNEDDP001:

• Revise priority pending NDIBK04 results; Potential to shift to the west to target coincident gravity and magnetic anomaly high within NDI tenement.