TBA 0.00% 2.6¢ tombola gold ltd

Good grades but not very wide. For me, the announcement still...

  1. 191 Posts.
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    Good grades but not very wide. For me, the announcement still has the fireworks that fizzle out:

    Pros:
    • Grades of up to 6.9g/T from the recent drill holes.
    • Extends the N-S strike length of Mt Scheelite from ~25m to ~70m.
    • Open N-S and not yet tested at depth.

    Cons:
    • MS22RC004 has 18m strike but at 20°, meaning true width of the 2D is about 6m. MS22RC003 has 6m strike but at 20°, meaning true width of the 2D is about 2m. This indicates a very narrow seam which is almost vertical.
    • Claims that the strike length is ~90m when the map displays ~70m for the ore zone.
    • Drilling program, even with another 4 holes planned, isn't comprehensive enough to de-risk the site.
    • Comstock listed as an "operating mine" when all they appear to have done is blast topsoil.
    • Announcement makes no mention of progress at Mt Freda.

    I'm still inclined to sit it out on the sidelines at this stage.
 
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