That's not correct. It's not a greenfield project. First of all there are a lot of project and mines at the area. also if you read the announcements carefully you will see that there were drill hole by Apex Minerals for gold exploration at the area. SFM thinks that they have missed the veins at these holes.
From today's anns;
"There are 6 holes planned for the Fenceline prospect where previous drilling by Apex Minerals NL appears to have occurred north of the 1km+ long quartz vein."
From anns on April 30 2018
"...The Company believes that the previous drilling by Apex Minerals NL was orientated parallel to dip and did not intersect the target vein."
You can see the historical drill holes on the graphics at today's anns. (I have marked them by red arrows)
SFM Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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