Yeah - that struck me as well - the limited amount of sampling and dude - where are the gold assays? As well as the Ag numbers being fairly good, there are also some hefty high grade Zn and Cu intervals as well in the historical data.
If nothing else - these additional sample intervals will add to the data set in the future and possibly allow some better interpretation about the different ore zones and different styles of mineralization. These particular drill holes look more like a Zn mine rather than a Cu mine but this is under-explored VMS geology and there will possibly be many other complex small but high-grade lenses and zones that haven't been found yet. From the Appendix 1 details it looks like Phoenix Gold did most of its exploration drilling properly and to a good standard so it does seem a bit strange as to how selective they were with their sampling intervals given that these are exploration diamond core holes and wouldn't have been cheap to drill.
FTL Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
