re: Ann: Encouraging Drill Results from Treng... In context, these results are actually pretty good...
As long as they persist over the entire target area, which surface mapping and sampling suggests might very well be the case.
They are looking for high grade shoots, which they will likely find yet, but hitting zones of 70m or so at 0.82g/t Au is not to be sneezed at.
They are looking for narrow, high-grade shoots suitable for underground mining...yet id today's results are anything to go by, they may well end up with an open pittable, dare I say porphyry style discovery here?
The wide zone in TRDD-001 grading 70.4m @ 0.82g/t Au and 6g/t Ag from 72.6m down-hole was perhaps the most significant, as it suggests tonnes are availble.
The results from hole TRDD-002 which graded 18.55m at 0.85g/t Au and 8g/t Ag from 30.8m down-hole, suggest consistencey of grade (remarkably so in fact)...this is equally important in my view.
Early days here...and clearly a few of the more "temporary" types were hoping for a king-hit up front...but sadly did not get it and I assume, mostly left the building today.
We have another 60 or so holes yet to be drilled...and it seems most have fled at the results of the first 2...lol...which were actually pretty good in my view. Clearly not company makers of themselves, but still might be collectively, with the rest of the holes to be drilled.
I wonder if they have tested for other minerals?
Anyway...the market was always going to sell this down if they did not hit something significant...and it would not be the first time we saw the first holes of a drill program fail to excite the market...only to see subsequent holes re-rate the stock.
Lets hope.
Cheers!
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