They are cashed up for an extensive drilling campaign after...

They are cashed up for an extensive drilling campaign after years of running on a shoestring to avoid dilution in unfavourable circumstances. So thats one thing derisked. Permitting and government relations-wise they are way ahead of the game as its the only thing of note they have accomplished over the last 5 years, lol. No scratch that, they have also bought their own rigs and built their own assay lab. The only thing they havent done, is expand the resource base.

Of course thats the thing as always - they talk a good talk with QH on board, but until the drill bits back it up, thats all it is - they reckon there are increasing grades of thin but very high grade gold deep under the current resource, and also potentially around the area for KMs in a few directions, making this a tier 1 project. so this initial result is the very first fact to back up that story, and it validates it perfectly so far.

Im not sure how likely they were to get this result from a single hole? maybe lucky given the description of the style of deposit they are chasing. They are on their way to 900m+ and if they get similar results down there, then thats a huge tick. Drills are also going to various other places this year in the caldera to try to repeat the trick. So they have 1Mozs at 300m currently, and indications of higher grades below it at 600m, and if they get further indications of higher grades at 900m in the next few weeks... (they are talking a convergence of the gold bearing structures at depth, so they should need less luck to get better hits, unless they miss the mark completely)