No, Osr1986, re-read the Quarterly Activity statement.
"...Results from RC drilling have significantly UPGRADED the prospectivity of Doolgunna..." (p.1, my emphasis)
"...The discovery of a bi-modal volcanic sequence IS A MAJOR DEVELOPMENT FOR THE PROJECT because the majority of VMS base metal deposits around the world occur within these types of volcanic sequences (e.g. Noranda, Flin Flon, Kid Creek, Eskay Creek, and Kuroko). In Australia THE MAJORITY OF VMS DEPOSITS ARE ALSO LOCATED IN BI-MODAL VOLCANIC SEQUENCES including Mt Read volcanics (TAS), Mt Windsor volcanics (Qld), Golden Grove (WA), Teutonic bore (WA) and Horseshoe Lights (WA) and it appears that most bi modal sequences that are related to extensional tectonics in Australia seem to contain VMS mineralisation.
The fact that the sequence is located 50km SE, but could be as close as 25km, from Degrussa and is co-incident with high order multi-element regional geochemical anomalies (the largest and strongest in the entire district) IS HIGHLY INDICATIVE THAT THIS BI-MODAL SEQUENCE WILL ALSO HOST VMS MINERALISATION..." (pp.1-2)
On Pine Creek ...I think the explanation is pretty simple - Doolgunna is shaping as such a huge, exciting and company-making project, that expending time and energy at Pine Creek just seems like a distraction!
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