OK Guys.
This is a MAIDEN drilling program.
The co said:
"PATERSON DRILLING DELIVERS ENCOURAGING RESULTS:
• XRF analysis of the basement rocks intersected by the drilling indicates elevated levels of
pathfinder elements for potential base metal and gold deposits including highly
anomalous bismuth, arsenic, copper, zinc, lead, molybdenum and vanadium
• Petrographic analysis of samples from several completed drill holes confirms the presence
of chalcopyrite and metasediments, which is the lithology known to host base metal
mineralisation in the Paterson region"I would actually have gone a step further and called this a "very highly successful maiden drilling program"! That is what it is. To intimate this is a "duster" or not worth reporting or some such shows a complete lack of understanding of "digging and drilling". If it was a brand new co, just floated, coming up with stuff like this - I bet their sp would at least "bag"!
IMO, the "fundamentals" have not changed. I am happy to hold but cannot add as I am buying elsewhere.
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