Exactly @nifuture
"Importantly, veining and sulphides were intersected in all holes at the planned target horizons."Sunshine has used a ratio of copper to zinc to map out interpreted
“hot zones” to assist with drill
targeting as the
“hot zones” are interpreted to be most likely to host copper-gold rich mineralisation.Two main “hot zones” have already been identified,
coinciding with the historic Carrington workings
and the Au rich panel that has returned results including 17m @ 22.1 g/t Au (from 67m, 23LTRC002) and 20m @ 18.21g/t Au (from 114m, 24LTRC005) (Figures 3 and 4).
A third “hot zone” is inferred on the western end of the Liontown Resource. The target zone coincides with an untested, historic VTEM anomaly and is considered prospective for further copper and gold mineralisation.
Further “hot zones” are expected to be identified in fluid flow areas (Figures 3 & 4)
So the geological modelling is playing out as they expected, these results clearly market was expecting similar or higher hits as before BUT these are still economic and will ADD TO THE RESOURCE.
I'm a simple fellow and I keep thinking (and no guarantees I'm right, but Damien Keys is one of the best geos I've come across, so I trust his judgement) that the
unofficial 800,000 oz Au Eq (to be official at year end) is a much higher valuation than here and these results today will only ADD to the resource and as more tightly spaced drilling is added.
Then the inferred to indicated will only grow bigger. These are still economic hits to keep growing the already large resource that is close to infrastructure. Just my simple read. Also the metallurgy will only improve on previous numbers so that will be positive re economic metrics.
Looks to me like a broker or the like loaded up in anticipation of immediate stellar hits and is now exiting and has dragged some panic sellers/stop loss traders along for the ride.
Most analysts have NFI when it comes to Polymetallic deposits, this was the same story with ADT.ax all the way from the 20c range to where they are today. I remember the "experts" on HC who had no idea all too well.
Let's see how it finishes up by day's end.
(20min delay)