Need a combination of 3 things: Good grades Good thickness Good depth
Grades and thickness are equally important. Depth is the least important of the 3, but it's nice to have shallow intercepts.
1m @ 100g/t from ~50m deep has very good grades, very poor thickness and a reasonably shallow. 20m @ 1.2g/t from 55m is the only hole that shows signs that this could be something valuable. Yes the grades aren't crash hot, but there's 20m of it, and if further drilling identifies thicker intercepts (30m-90m) then it could very well be a feasible open mine pit out of it.
6m @ 3g/t is alright. 5m @ 2g/t is meh.
Basically there's no consistency among the best results. One is very high grade but thin, one is very thick but low grade, the others are a mix bag of not much to excite.
Long story short: For a $5m mc company it's good. It's most certainly not a multibagger though by any means.
A1G Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held
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)