“Whilst the definition of gold mineralisation is a desired outcome of this drilling, the bigger picture objective is to better define the structural and stratigraphic architecture of the Goornong South trend, to define vectors to positions where otherwise insignificant structures have the potential to host significant mineralisation. An important focus for S2 is to gain an understanding of the area’s overall potential for a large gold deposit without getting drawn into close spaced drilling of targets that may never deliver sufficient tonnages to be economic, and the planned drill holes are spaced accordingly.”
So far technical success if you ask the company and failure if you ask some shareholders. I’ll continue to hold as I’m very comfortable with what they’ve been able to achieve with limited exploration and how they’ve managed it.
Going forward it will be interesting to see whether we continue to go alone on this or we bring in a bigger player with deeper pockets. Thoughts?
