Ann: New shear hosted gold discovery at Gillies on Farno JV, page-10

Again, this would be in the minds of some of the older holders, @gbgirl also being one of them.
Here is the map from this ann.


This next one is from 2017 when the JV was ann.


This is the link from that original deal ( below ), and it is very much worth while having a read.
This was mined profitably by Dorsch but only the alluvial.
I haven't re read the JV details but by memory, DEG farm in was for the structural.
The alluvial was then bought by Novo which is the entity we now have the JV with.
It is still subject to minimum spend in order to exercise those rights.
That is what this is about, just maintaining the jv agreement imho.
While I have always liked the potential of this land nothing has been discovered at depth and I assume it won't be for a while yet while we have been spoilt by Hemi and surrounds.
Hemi allows us to expand our resource very rapidly and maintain low discovery costs.
To venture back into structural and depth will lower the discovery success and I assume that is not on the agenda atm.

https://degreymining.com.au/wp-content/uploads/2016/07/20170821-DEG-Farno-Tenement-acquisition-lodgement-clean.pdf

Those targets listed above Like White Quartz Hill, Gillies, Holly and Fir have some good work done on them to attract attention, but maybe not much yet.
Let's hope that with the little work done on this jv that they find good reason to start further exploration.
kind regards, Wack.