ARL 3.30% 47.0¢ ardea resources limited

Ann: Lily Albany gold discovery, page-16

  1. 1,441 Posts.
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    Seems to me that these grades are OK as part of an initial drilling program. And not many explorers pulling out 100g/t hits anyway. It also tells me that ARL's targetted approach to the drilling program is well and truly working. Half the holes had over 20g/mtr, which is generally accepted as being worthwhile, plus the anomalism extends beyond 2km and still open in 3 directions. And the rest of the holes still indicated some presence of the gold stuff. All in all, I'd rate that as a success. Be happier when they locate the high grade stuff tho!

    Oh, and just to help the newcomers who think this is so 'ho-hum', perhaps look at the fact that we have (at least) another 6 areas where we are looking for gold. And to think this is just a way to fill in time until the real game starts....no, not just 'like every other mining company'.

    J22
 
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