Two phrases also important to note in addition to what some already have put in this forum.
"Core has been encouraged by thick intervals of pegmatite having been identified in most drill holes in the first phase of drilling at Zola - up to 70m down-hole."
"Encouraged by these early results, Phase 2 RC drilling has been planned to re-commence at Zola as soon as the Phase 1 RC assays are received in August."
CXO - for me
High Risk project but with:
High quality exploration project
High quality technical team
High level of cash
Hopefully it will pan out as all of us hoping for.
Ann: Quarterly Activities and Cashflow Report 30 June 2017, page-31
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