Morning all.
@binwood
Great overview of this transaction mate.
Just wanted to add a couple of points.
After watching some exploration in the Lachlan Fold Belt, namely LGM,
The importance of preservation in the geology is important.
With my limited understanding of what is inside that Red Circle is Sinter.
It is usually found just sitting atop of a preserved Epithermal system as it is in Hishikari for anyone that wants to google it.
Lgm have it in all their projects but that's for the LGM thread.
It can be exciting in the search for these systems but spells how close the goods may be.
We already know from these historic drill results that we have just that, A HG Epithernal Vein deposit.
We may not understand what this means for drill success and what grades we may find.
I think these historical intersections are spelling it out for us.
Not only that but these veins have a much higher Gold and Silver only mixture which is more valuable than the previous drilling in our project area imho.
The age of these drill holes also suggests that if there was a resource calculation done here,
It is pre 2012 so there is a lot that would need to be repeated to use it to recalculate the resource.
To me that spells, our up coming drilling is very high certainty of hitting the goods and multiplying the resource rapidly.
This pic is from AGD and explains their conviction to hold it.
At this point, I think it warrants a congrats to Todd for negotiating this acquisition without leaving us in any need of a CR.
Matter of fact, we now have the bucks for drilling so get ready to ** hold of your hat.
For anyone not understand ing the geological descriptions of the pic above, here is a screen shot that may help.
Everyone now knows that silver has broken out but when the price hits above $50US, that real game begins and let's hope we are drilling or very close to it by then.
Excuse my enthusiasm and dyor.
Kind regards, Wack.
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