Putting aside certain recent financial transactions, these results are very solid.
Jeremy -
“I think it’s fair to say that the vast majority of the results received to date have exceeded our expectations in terms of width and grade, giving us a high degree of confidence in the ability to define a solid high-grade component as part of the resource update planned for early next year,” he said.
“The thick, bonanza grade mineralisation in the north-west sector of the deposit was certainly a pleasant surprise and we are now seeing much thicker zones in the central part of the deposit, while still achieving some really strong grades well above the average grade of the current Inferred Resource.
We are now awaiting results from the final 21 holes, which should be received over the next 2-3 weeks.
“That will pave the way for work to begin on the updated Mineral Resource, which we are targeting for completion and reporting early in the New Year.”
So, we have results that range from "well above average" to "thicker zones" to "thick (bonanza) grade". Even in the "worst case scenario" here, the outcome is still good to positive and looks to fulfill exactly (even slightly exceed) what the aim of the drilling was, which at the end of the day is exactly what you want.
And updated Mineral Resource guidance not so far away.
Hopefully will provide a renewed upwards momentum for the share price.
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