The Coronation drilling did not find massive sulphide pipes but it did make a potentially handy oxide gold discovery subject to assays. There is the possibility of sulphide pipe much deeper below this. The Carrington drilling is far more likely to produce results and add to the copper gold resource there. Carrington is not included in the JORC and Sunshine are drilling to extend it and include in the revised JORC. My historical research indicated that Carrington was the main lode mined and certainly the deepest. It would be great to add a copper gold resource. There is a small oxide gold resource there already.
Nothing seems to be priced in at present so the revised JORC and any new gold discoveries might help shareholders.
Travelling at present so can't respond easily to announcements.
DYOR Not investment advice
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