If you watch the RIU Explorers Conference, You Tube video, for Wednesday afternoon, Chris is very confident and excited by the Porphyry potential progressively being uncovered by the latest drilling program. He mentions,
Drill hole 1 went under the Cayley Lode and encountered Carbonate based Metal mineralisation, "as expected". For the Geo's out there, what does this equate too? My guess is metals like Pb, Zn, Ag or pyrites which formed outside of the main porphyry halo zone have been found. Assays will confirm this.
Drill hole 2 is his personal favourite!!!!
It is spaced a further 150 metres along. Drilling is currently in progress and it sits under a very large copper in soil auger anomaly. This region exhibits a clear magnetic feature, plus, is at the intersection of a NS-NW structure. He states it ticks all the boxes and later mentions to look out for future announcements.
Very soon, a Porphyry Discovery could be announced. My guess, within the next two weeks we could have visual confirmation and preliminary Portable XRF assay results announced.
Chris mentioned property access issues hindering the exploration programme as they traverse across the paddock, but they are being worked through. I thought this had been resolved.
Overall, upbeat presentation, with the company's future dictated by the next couple of drill holes hitting the elusive Porphyry.
I also took the opportunity to buy a few more shares while SVY is significantly under-valued at ~$0.28 levels.![]()
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