The drilling is first pass (??) So you never expect to get big thick hits from this. It all about sniffing about in a generally large area to find the best evidence that something may lay below...
Some hits were shallow with good grade (good for surface aricore anyway) A positive in terms of generating some new targets to RC drill.
They will now go back to where the best results were found , 24m @ 1.87g/t Au from 0m and 10m @ 3.42g/t Au from 9m , and drill around these holes to see if its a significant structure worthy of third phase or resource drilling.
So in this new area mineralization is present , so they've ticked that box and its over a broad enought area and has sufficient grade and widths to be commercially interesting.
A good result , but not a game changer by any means , that will potentially come later and after alot more drilling.
One to keep and eye on.
PVM Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
