Unsuccessful holes are a normal part of drilling programmes particularly in greenfield situations. It's a big target and well worth investigating. I'm sure if they intersect something we will be the first to know. Fingers crossed.
I have to say I have never seen a "didn't find anything announcement". I guess because not finding anything in a few holes means nothing in relation to the big picture possibilities.
The exploration target update announcements weren't price sensitive which tells us not to get too excited until they find something.
When they update the MRE I expect they will also update the Exploration targets.
Let's hope the expectation of finding all those tonnes remains a possibility. The Q2 report certainly didn't indicate anything to the contrary.
HGO Price at posting:
5.9¢ Sentiment: None Disclosure: Held
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