Ann: Huge Potential at Lake Goongarrie Gold Discovery, page-39

I'm surprised the market didn't take to it a bit more the other day. Imagine drilling BLINDLY into mineralisation on two lines over a wide area when you are just scratching the surface with aircore drilling (drilled 800m a part also). I'd say that the fact it's under lake sediment would have some investors hesitant. However, it's looking more and more likely that there is a large mineralised system down there... this opens the potential for there being a big deposit somewhere within that system. If they can delineate a big deposit then a bit of lake sediment is negligible.

In the theory of mineral exploration, a company exploring under cover in this day and age actually has more chance of finding a big deposit than a company exploring where there is thin or no cover. The easy, shallow deposits have been found. The monsters are hiding under cover. That's why I like companies that are exploring in frontier regions or areas with a lot of cover. There could be a big deposit down there that hasn't previously been stumbled across by previous explorers and doesn't have an obvious geochemical footprint.

Google the Visual Capitalist infographic with the following title: