Ann: Meleya Update - Significant Discovery At Orion Target, page-56

I agree with this, core was dry, odd... however they've hit copper bearing semi massive sulphides on first hole. This the company cannot lie about unless they want to risk legal action in the very near future (thus I will take the risk and believe what they say is true). The exploration game is to drill a thousand holes in the hope that one will direct us to an economic ore deposit, the rate of failure has to be higher than almost any other profession on the planet. My experience of VMS exploration is that it's much much more difficult relative to gold exploration. Getting mineralisation on first hole in ground that hasn't been drilled is something worthy of getting excited about IMO. Visual results for the next hole will tell us if this thing has legs, we won't need to wait for the assays to get an idea of the big picture. At the very least, if they do indeed have an extension of the same stratigraphy as Golden Grove (with mineralisation), which now it appears they almost certainly do, then this company will be well worthy of the rerate it's currently getting. The mention of the similar geology/mineralisation to Golden Grove is very promising and should be considered. No knowledge of management though so LTers will know how trustworthy management are