I'd say a lot of the hot money in for the 2nd hole sold today so the share price should find support around here.
Today's announcement clearly not the money shot, some good massive sulphides in the mix there over small intervals but not ore grade like hole one. As another astute poster added a few days ago, AMT isn't the bee's knees as it's fairly fuzzy when compared to EM/DHEM. I think ADD case this hole after targeting the second AMT anomaly deeper and run DHEM, will it prove to be fruitful? Decent possibility there could be another lens deeper in this intrusion, massive sulphides are heavy and tend to accumulate at the base of intrusions, hence, this second hole up-dip is somewhat to be expected.
What I do like is that we now have a plan view of the intrusion (bottom left) and also the AMT target length (~1km). I'd say from what I can gather with the geo data at hand, ADD have a search area here of 1km (length) x 1km (depth) x 50-100m (thick) which is more that ample space to squeeze in a major massive sulphide deposit.
Looking forward to the continuation of the current hole and hopefully massive sulphides in the lower AMT target and DHEM point the way accurately to the discovery hole.
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- Ann: ADD Continues to Intersect Zone of Strong Nickel Sulphide
I'd say a lot of the hot money in for the 2nd hole sold today so...
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