Yes, can't wait for that deeper conductor to get drilled.
And that's now 2 out of 2 successful drills, hitting what they thought was there - not a bad start and 5 targets to go!
$9M-$10M in the bank - so probably two years worth of drilling in the bank.
And the current 7 drilling campaigns won't cost much either - all RC.
I do like the comparison to the Hera mine up the road:
"To place it in context, intervals of similar widths were drilled in two holes above the Hera deposit in 1984 (Cooper, 2017) and this Hera discovery led to the first mine operated by Aurelia Metals (ASX:AMI). The Hera mine is located on the eastern margin of the Cobar Basin 120km north of the Cargelligo project (figure 4), see AGC ASX prospectus for further details."
Cheers,
GB.
AGC Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)