I have tried to find a previous post which guesstimated the ozs of gold extra found in the May Drill data so I'll simply summarise here:
32 m @ an average grade of 35.17 G/T for 3200 Cu M or 8,000 ton which is a total of 9000 ozs or twice the gross ozs produced YTD 31st May.This means that the resource of high grade ore is growing; not being depleted and both Maroon & LNY are keenly aware of that, IMO.
Furthermore the AGM ann of the 29th Nov highlighted one hole for 31m @ 5.96 G/T from 124 m .Drilling in May concentrated on the 20m to 40 m levels only and I expect that July's drilling will continue at these depths only. That hole needs angled drilling to qualify the width of te seam, IMO.
This is why I think that LNY has a very good idea of what's underneath and it is biding its time to get the funds together to prove-up the resource with the drill, IMO and then Mr Bizzell will have something significant to flog.
Ann: Outstanding High Grade Gold Drilling Results, page-534
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