You want to be strategic and space this out.
* First assay results received from the Equador over a 1.2km strike length
* Field exploration program is ongoing with widespread mapping of new pegmatite occurrences, rock chip samples continuously being collected, and previously unmapped artisanal mines being located and cleaned out for further exploration.
* A drone magnetic survey has commenced to help enable a high-resolution picture of the geological structure and better map out the potential pegmatite pathways under shallow alluvial cover
* They are currently accelerating the exploration program across the Equador project with the focus on performing more widespread sampling programs and mapping out the known pegmatite occurrences. Additionally, the program to date has uncovered multiple new artisanal mining sites that were previously unknown to the Company. The old workings from the small-scale artisanal mining are positive signs of fertile pegmatites in the area and they have allowed the Summit ground crew to access the pegmatites at depth.
So, the above is just for Equador and today it looks like we were fed the main course in Juazerinho with exploration commencing there.
They are cashed up to complete a 2 fieldwork on 2 separate tenements and my gut feel is they will continuously feed the market with field updates from these 2 sites and with Stuart most likely on the ground this week, they will start to map out their 6 month strategy.
Next CR will be all important, they'll probably want to raise just before x-mas, say around November which will give them a good 5 months in the filed and then prepare for drilling. Hammer the market with continous newsflow for the next few months - they have literally just started and hopefully raised somewhere around $50m market cap ready for drilling. All imo and just plucked that $50m cap out of thin air as upcoming results will dictate that. We have 2 projects now and who knows, they may stumble of some high grade spodumene at Hercules as well
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- Ann: High grade Niobium results from Equador - Brazil
Ann: High grade Niobium results from Equador - Brazil, page-304
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