I have read some of the past announcements and I have...

I have read some of the past announcements and I have found:

'significant high grade gold intercept ( Agate Creek) of 31 M @ 5.96 G/T from 120 M " ( AGM presentation Nov 2013)

Initially, this requires angle drilling to qualify this vein, IMO.

Only two holes totalling 1000 meters were drilled then and the Qld Government funded 50% of cost to $145,500. ( $145.50/meter)

IMO,this is why deeper drilling will take place beyond the current 40M once there's lollies in the tin. JORC drilling in this region
could surpass towie's million oz target within months, IMO. High grade/narrow veins, however, are always difficult to drill out for a JORC resource;
that's why some companies prefer to selectively mine this type of system with only limited drilling to guide ongoing mining.

That said, a 31 M deep column @ 5.96 G/T from 120M is an impressive find from 2 X 500M holes!

All imo.