The problem with idiots that sell on one drill result, if the next results are a cracker which I believe there is good evidence for them to be(MASSIVE ALTERATION), the share price has to rise from a lower base because of the hysterical retailers that sold off.
On a positive note:
So much is pointing to the next drill results being a cracker...the pyrite in the zones in the next cores is up to 20%....the previous results were at 1-3%
They are drilling over 200 metres (twice of the original depth) because as Tunks mentioned in the video the drill geologists would only do that if they found something!....and from what they have said in the announcement they are finding MASSIVE ALTERATION(up to 20% sulphides in the cores).
Now something some of you may have missed, but this is how they find gold in the Alta Floresta belt or where MEI’s tenements are located.
NOTE PYRITE!!!
Now the following pictures shows some of the MASSIVE PYRITE ALTRERATION that they are finding in the cores of the next holes:
Note above the massive pyrite bands strangling the core in a hole yet to be assayed.
Note above: Pyrite encircled with red. Calchopyrite(also potentially gold bearing) the dark orange stuff denoted by yellow stripes in a core yet to be assayed.
Above: a good example of A LARGE PYRITE ALTERATION spewing from a vein in one of our later(yet to be assayed) cores.
Excited to see the next assays for MEI!
AIMO
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