"Whilst this drilling has failed to follow up on the very encouraging intercept in hole GTD-137 the area remains to be explored with hole GTD-193 (shown on the diagram below) scheduled."
Obviously the market has had a bit of a reaction to the news viewing it as 'glass half empty'.
Recent price rise most probably in anticipation to more sterling results typically pumping the the price and bailing at the first sign of trouble.
The fact is that the holes were not duds just not as good as expected.
Let's see what GTD-193 holds. There's a lot more to go in this.
Cheers BW
IAU Price at posting:
$2.00 Sentiment: LT Buy Disclosure: Held
