Drill results vey good at Telecom Hill. The 4 holes have interceptions from 75m to 120m in length from surface. Average grades over the intercepts is around 47%, with some DSO grades up to 63%.
The other 4 areas drilled obviously didn't strike anything worthwhile or they would have released results. No gold results either so it would be fair to assume the same for them. Ironically Telecom Hill wasn't included in the original rock chip program and was only added as a drill target later on after later rock chip sampling took place, more as a result of Vautex's efforts than any other reason imo, though it could just be a coincidence that Vautex was alerting everyone to the potential of Telecom Hill long before the company saw its prospectivity.
Mt Padbury will also be very good imo. The outcropping there will make it easier for the company to identify drill targets than some of the other ground so expect good results when they get around to drilling, which I reckon will be done asap to try to hold some momentum before the hype evaporates completely.
PDY Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
