They just drilled near our other holes and found intercepts when...

They just drilled near our other holes and found intercepts when you look at the map.

Nothing new, just something they should have done before.

There's no update to resources amount or reliability.

Do they now expect shareholders now to buy the Loyalty options?

IMO:

Shareholders are very concerned about the amount of debt CLZ are in.

How have or will they pay for this?

How long can CLZ report that they have funds to continue when they include a $5M draw down line of credit @ 36% interest. They have already used $5M+ in this desperate type of funding. So theoretically can be up to their $10M limit available in debt at 36% interest.

Then add $4M in liabilities related to the Conversion Notes and the balance sheet looks heavily in RED and ability to continue looks limited without even more funds and debt.

if this was an alternate universe and CLZ operated by different management and related parties and in less debt it might be seen as positive news but it won't be!