exploration update finally, page-23

The intersection appears to be something that falls into the 'stringer' category. I think repeatedly calling it an interpreted 'feeder zone' throughout the announcement is being irresponsibly hopeful if not intentionally misleading. Besides it looks like they've drawn the 'feeder zone' stratigraphically above the interpreted 'prospective VMS horizon'. And RE the VMS question, where's the Pb, Zn, or even gold in the intersection?

They say the zone containing the intersection is seen in both drilling and geophysical datasets, but they don't say what geophysical data sets. Is it seen in the MLTEM? The lack of reference to a coincident MLTEM anomaly suggest it is not in the MLTEM data and this downgrades the likelihood for significant amounts of near by massive sulphides.

Look at THX, they have had multiple intersections of a similar nature at Red Bore, all stingers. Sometimes these type of intersections are the worst thing that can happen IMO as they can distract people and funds away from much greener pastures. TLM have a lot of money to spend and I think what they have done so far is fair enough, but they will also need to know when to call it quits.