This is the first time SPR has set out such details of any hole WITHOUT visible gold for NN, 4P, WW or Sly Fox - I suppose this implies we should consider this a significant piece of information ie SPR are excited about the assays and potential of Sly Fox.
I had a look through all SPR NN announcements which set out similar details of holes with visible gold as for the 2 Sly Fox holes. From these holes I noticed that areas classified with mineralisation with Py anywhere from 5% to 10% always returned assays with very high grade gold - the lowest grade was about 7.5 g/t. This bodes well for the 35m interval assays for hole 1401. If the results are consistent with NN results this could be quite significant for Sly Fox potential but I would not consider it a game changer until they drill several more holes with similar long intervals of very high grade assays are delivered from Sky Fox.
For mineralisation where Py was 1% to 3% the assays results returned low grade or no gold - not so good for holes 1406.
SPR Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
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