Past mining and exploration was at surface which would be normal for the old timers who probably stopped off here on their way from the goldfields of Ballarat and Orange to the new discoveries at Gympie, Mt Morgan and Palmer River. **
BUT, it would be surprising if this well endowed surface expression did not proceed to depth.
IMO we will have joy from the remaining 5 completed drills, but that will be only the start - if it runs deep as suggested is possible by existing geo phys we could see a major find here - lets say 40% confidence - and a huge rerate from our $7mill EV.
** Read Geoffrey Blaimey's 'The Rush that Never Ended' for the progress of the Aussie gold rush from Vic. all around the country, finally ending in Kalgoolie. IMO The diggers moved on far too quickly over some areas of interest, and we are only now filling in the many gaps.
Just my personal views. DYOR.
TG1 Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
