Lets not get too depressed about it. Reading over previous results shows that the best we have achieved was at Stingray with 16mtrs @ 5.6g/t incl 8m @ 9.8g/t, and 10m @8.3g/t incl 8m @10g/t.
Other results include CVRC56 with 11m high grade from a 27m section, CVRC62 with 7m high grade (1.68 - 13.85g/t) from a 47m section, CVRC74 with 7m high grade from a 49m section, another h/grade hole 12m (1.4 - 5.0g/t) from a 48m section. They are not 20m stacks but imho they are highly encouraging.
We have a highly experienced technical team, and the use of CSIRO's 3D modelling, a new drilling programme about to commence in the Southern prospects, and our Directors are looking to aquire another more advanced project/s.
We have five insto's holding 27% between them, and CFE with 33%. Tony has a good size holding himself as well. CVX is looking good in 2010!
CVX Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held