Am I the only one reading this announcement properly?
"75m of continuous mineralization in one hole amid multiple large intervals of copper and nickel in numerous holes along a 3km trend"
"the results have given the company confidence to now plan on immediate follow-up"
Whilst they have returned low grades, the grades increase down hole. They have noted also that Magnesium grades increase down hole, which indicates potential ultramafic mineralization. This means there could well be a higher grade of mineralization deeper down (copper/nickel mineralization has "weathered" towards the surface, dunno if that's the correct term).
Definitely, the initial grades are disappointing, but I don't think this is the end of the Durkin project. Diamond core drilling will give a better indication.
six weeks up, page-89
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