Ann: Thick High-Grade Gold Intersected in Butchers Creek Drilling, page-8

  1. 5,490 Posts.
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    I am just starting to do the research now, but they would be drilling to increase the mineral resource from Inferred to indicated as others have posted above - to get more confidence and details as to the geometry and grade of this thing, which is already on disturbed ground and previous mining leases, why go off chasing new deposits when they have an existing one already?

    The better confidence in the geology will eventually lead to a decision to mine and/or attract someone else to invest, joint venture, or enter into some other M&A to monetise the project. The more uncertainty as to the geology and grade they take risk off the table, the more confidence and higher valuation is put on the ounces in the ground. ALthough I would like them to do a bit more drilling at Golden Crown - that looks very under-explored to me. No point looking at their other WA based Li and Ni exploration ground at the moment with Li and Ni prices in the toilet indefinitely, gold is where its at.
 
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