Tough market in general at the moment but I do believe the market is simply missing the story here.
This was from the potential scale and grade emerging announcement a little while ago.
You can see TKM's drilling found larger widths of mineralisation generally. The historic assays were only done on very selective high grade zones. Most holes only went to 16m depth and finished in mineralisation. Well worth reading the announcement and especially the paragraph on historic drilling imo.
Ongoing re‐interpretation of historic exploration at Kroussou continues to indicate true scale and grade potential at Kroussou with mineralisation at or near surface Examples from drilling at the Nzahou Target:
8.2m @ 7.7% Zn + Pb from 13.6m in DK040 (Hist) 16.0m @ 4.3% Zn + Pb from 11.0m in DKDD001 (TKM) 12.5m @ 6.2% Zn + Pb from 3.9m in DK156 (Hist) 15.8m @ 3.3% Zn + Pb from 19.1m in DKDD008 (TKM)
Nzahou Target (Dikaki Channel) Historic Drilling The Nzahou target was the subject of exploration by BRGM, initially in 1963, as part of its first efforts at Kroussou and then subsequently during the period from 1978‐1980, primarily for its near surface lead potential. The BRGM were exploring at Kroussou for lead deposits within 20 metres from surface, hence their drilling was very limited and their assaying very selective. Trek has shown that with complete hole assaying, the metal content is far greater than that indicated by the BRGM work. A prime example of this can be seen in figure 6, with TKM’s drillhole, DKDD001, indicating a much broader zone of mineralisation than suggested by the historic drilling. The only intervals that were assayed were in holes displaying visible galena that was considered concentrated enough to be very high‐grade ore, nothing else was assayed, zinc (its ore mineral, sphalerite is difficult to recognise) was not considered of high importance.
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