As I understand it - LNY are relying on their Multi-element study to identify the Intrusion Related Gold System (IRGS) potential at Agate Creek. To do this they have proven the technology/process against known deposits and brought in the gun experts to confirm their findings. This is why they are sounding confident.
I suspect they also used the same technology to help to identify additional IRGS opportunities in other parts of the Etheridge Goldfields area.
Hence their securing other leases in the area.
Mate if this technology is as good as they say it is in identifying IRGS potential then I reckon it is going to be a game changer for LNY.
At this stage who knows, but maybe they have found a bonanza for shareholders. Time will tell. By AGM 2022 we will know for sure.
Ann: Drilling of New IRGS Style Targets at Agate Creek Commences, page-17
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