Ann: Further high-grade gold at Fountain Head, page-2

On initial reading the results are ok, a few more short hits. One positive is lots of the holes did come back with gold, albeit low grades.
We still have to wait a few more weeks for FHDD181 (visible gold hole) to come through but the positive being they extended the hole another 8mtr and got another 2 strikes of visible gold, making it 11 sightings over a 43mtr span. So they have definitely built up expectation on this hole delivering the goods, we'll wait and see.
They did flag that because of it's delay in getting the hole assayed it won't sit within the upcoming resource estimate or the pit optimisation which is disappointing. They said they'll incorporate the results into future upside for the project.
The announcement definitely has a sentiment towards moving forward with mine development, especially the last sentence "discussions have commenced with prospective parties for provision of project development funding". And they also feel they have enough data to move most of the resource into the 'indicated' category which would improve the project's financials.