There are quite a few positive in today's announcement. 1. The...

There are quite a few positive in today's announcement.

1. The grade is increasing as you go deeper.

The previous announcement had average grade of 0.31% Ni over first 546 meters of the hole (after sand cover)
This announcement has average grade of 0.35% Ni over 1520 meters of the hole.

2. Anyone noted this on page 11 of today's announcement. (I checked other announcements and none has this type of intersection without mentioning blebby or veinlet as part of description)


MTD029 1413 1426.9 13.9 Adcumulate Dunite Disseminated 3-10% Pentlandite
MTD029 1436 1450.7 14.7 Adcumulate Dunite Disseminated 5-10% Pentlandite

so 13.9 meters has approx: minimum of 1.02% Ni and maximum of 3.42% Ni
and 14.7 meters has approx: 1.71% Ni and maximum of 3.42 %

So we have approx: 30 meters of intersection containing 1.5% to 3% Ni on average

Looks like Drs are waiting on the actual assays before getting excited!!

This from google
How much nickel is in pentlandite?
34.21 %
Pentlandite Mineral Data