The market has missed this completely. Sometimes happens like this, but the significance of this announcement cannot be understated.
We could be sitting on a large pregnant system at depth. With Au Cu Zn Ag already found in the area, these are some of the key elements you want to see before a major VMS discovery.
Another indicator is the gold veins that have been mined very close or on top of the IP results. These veins could leached through the VMS deposit close to surface.
Then there is that huge gold nugget that was found on the surface, where did that originate from.
So again the IP results are extremely positive and management must be incredibly enthusiastic to drill this asap, as stated to get a drill rig organized in the next few weeks.
The IP anomaly looks to be quite large also 500m+ long 200m+ wide 100m+ deep, typical size for a VMS deposit.
Nigel Brand the geo chemist and our consultant needs to be given credit for endorsing the IP survey, master stroke if this is what I think it is.
Worthy of a read, easy to understand about VMS deposits.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)