Agree 100% @name , "It's a step by step approach. Once we get the above results and analyse them we'll be able to plan our next move."
I was bored (or just toooo enthusiastic about CNB), so did a bit more research tonight.... Don't worry, I wont bore you all with a 5 page summary again hahaha
(But by writing it down, it helps me to better understand and hopefully others can gain some insight)
From what I can see, from the
372 AC holes (11,167m), we have only received results 113 holes (88 @ Palisade, 1 @ Gibraltar, and 24 @rumeli )... This still leaves 259 (372-113) AC holes that are yet to be assayed ... Therefore, at Strelley alone, from the first pass AC drilling campaign, we have only received 30% of results ...
70% of results still to come!!! (Can't believe it got sold off just on 30% of 'first pass' results of just one location)!!!
So from First Pass ONLY, we are eagerly awaiting;
- AC results for another 259 holes!! (the first 113 holes (30%) have delivered AC drill results at the Palisade Prospect which define a 1 km long
by up to 300 m wide gold in silcrete anomaly with results up to 0.4 g/t gold) STILL WAITING FOR 70% OF RESULTS - We are also eagerly awaiting results from 26 RC holes (3,003m) which have just been completed "with results from a vast majority of the program awaited due to lengthy laboratory backlogs"
I seriously can't wait for the above mentioned results, and as per Ann, "Encouragingly, the gold anomaly is located on a major altered
and sheared intrusion / sediment contact"
Now, this is ONLY 'First Pass' results for
Strelley (Palisade, Gibraltar, Rumeli, Stockade and Conwy) .. Not to mention further drilling campaigns to commence once results have been received (Obviously, to give us a better idea of where to focus our follow up driling) ...
AND don't forget, our Total Land Holding in the Pilbara of 394 km2 consists of much more than just Strelley (which we have started drilling)
There is not only much more Strelley Driling to commence (and results pending), BUT ALSO extensive CNB land yet to be drilled in this drilling campaign!! (In blue)
AND:
the identification of several new“Hemistyle” intrusion targets from two new aeromagnetic surveys completed at not only Strelley, but also Mount Grant Projects AND from additional land tenure secured at Pardoo.”(Ann 26 October, 2020).
AND: I forgot to mention, the already recieved results and results to come are ONLY from the Berghaus Shear Zone!! As @mustpow pointed out, "The Tabba Tabba shear zone will be more interesting than this. TTZ in this part of the province is transtensional = more opportunity for fluids and therefore gold mineralisation"
AND:- We also eagerly await results from the 11 RC holes (1,001m) and 1 diamond hole (566m) which were completed late last week at Tick Hill North Wall and Tick Hill North targets respectively
*REMEMBER:The Tick Hill Gold Project near Mount Isa was one of Australia’s highest grade and most profitable gold deposits ever mined in Australia's recent gold producing history, producing 511,000ounces at 22.5 grams per tonne between 1991 and 1995by Carpentaria Gold Pty Ltd...!!!
OMG, there are so many 'AND'S" so I should probably leave it here...
AND: (last one I promise) .... "further drilling programs commencing early in the new year once all results from the initial drilling program have been received".
AND: (I really promise this time - I had my fingers crossed the last AND) ... With all of this drilling taking place, DONT forget about CNB's Cash Position, our highly invested Directors, and our Tailing Dams agreement with BIM!!! (Which alone gives us a Market Cap of Approx 30 Mil) - Anything else is a bonus (and many to come)!!!AND price of gold on it's way back up
(20min delay)