PRX 0.00% 0.3¢ prodigy gold nl

Ann: RC Drilling has Commenced at the Suplejack Project, page-3

  1. 2,475 Posts.
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    G'Day all
    Supplejack-Suess R.C drilling  is what holders should be paying close attention to imo,
    very good indications were achieved in early in the year R,C.-like 5 mts at 61 g p/t ,
    along with a couple of almost 20 mt intersections
    ,  big thick intersections-especially
    accompanied with high gram per tonne counts that represent volume.
    These type of intersection are the exact opposite of the narrow intersections we had at Old Pirate
    thus the dilution experience during mineralised ore extraction.

    Did holders notice the supplejack progress reported in the AGM presentation
    note the time table !
    Resource update for supeljack is scheduled early in the new year, therefore obviously
    we will receive R.C. -results prior & one must allow for time to crunch the numbers to compile
    the resource update -hence R.C. results can't be that far off !
    Notice the photo shown of the concentration of Quartz in R.C chips ! Obviously taken
    while drilling this program & just prior to sending off for assay !-see photo position is purposely
    positioned under time table of R.C. at Supeljack .
    The strike length of Suess has been extended 800 mts plus & is open along strike meaning further extensions likely & open down plunge -therefore depth along dip also unknown.
    hence our M.D.'s comments.
    1) New structure recognised by combining structure and stratigraphic controls of mineralisation
    2) Anomalism demonstrates multiple similar targets and extensions.
    3)
    Shallow, oxide and sulphide hosted high grade faults.
    4) June 2017 RC drill results1 suggest underground potential.
    5) Recently extended to >800 metres strike
    6) Open along strike and down plunge.
    7)-Note Important-
    An additional 1,600m RC drilling program has been completed .

    Hence why imo we are seeing the price action we are
    The share price has been extensively sold off -fact
    BUT-ABU is more than a one tick pony it has many moving parts now -(many irons in the fire).
    IMO-due to the selling pressure the s/p is now way oversold.
    Just check the s/p it has sold off & has been imo consolidating you can see the depth building
    this only happens when there is competing buyers.

    gltah imo-salt
    Last edited by Saltiga62: 08/12/17
 
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