deloraine ... massive downgrade

it must be daylight trading times.

drilling for mxr, must be going a lot slower than planned. the 4 holes at deloraine, were supposed to be completed in a month.

the results to date, amount to a massive downgrade. the exploration target of 500,000 oz, was based on the reef being 300m long, 4 m wide, and 308m deep - which at a sg of 2.7m and a grade of 15g/t - gave about 1m tonnes at about 500,000 oz of gold.

the 3m intersection, is probably only 1.5m true width.

holes 1 and 3 confirmed watso's call, that the mineralization had cut out (with respect to the southern and central shoot). hole 2, picked up the central shoot at depth. future drilling, will obviously target the area between holes 2 and 1 - to try and see where the reef might start again - but .

so far - simply too narrow, and too deep. the 3m intercept (which is probably only 1.5m true width - is about 300m from surface

looks like it might have been a bit of insider trading yesterday