On the 6th of June TG6 released to the ASX a statement that...

On the 6th of June TG6 released to the ASX a statement that noted:


TG6 had at that stage seen the seismic results and how they aligned to existing drilling. The critical test remained - Would TG6 hit pegmatite intercepts in areas suggested by the seismic work? Are there major intercepts like 50m+ to be made and does seismic help find them if they are there to be drilled?

This at the end of the day is the ultimate test of seismic, does it improve drill targeting. If it does, then it can easy be assessed as an effective tool. Further than that, if it suggests there are large velocity anomalies consistent with being large pegmatites then that assists to indicate the size of the potential deposits at Burmeister and Jaegermeister.

TG6 undertook some drilling and then put up a one and a bit month wall of silence. Those with a negative view have interpreted that wall of silence as an absence of success. The alternative view is that TG6 has hit something big and did not want to risk misleading the market by this news leaking out until they had the assay's to support an announcement. TG6 may have been sufficiently successful in not releasing anything that they have temporarily pushed down the share price as people negatively sold on the absence of news.

TG6 has now put out carefully chosen words around seismic that are capable of multiple interpretations. The quarterly statement can be interpreted as TG6 being about to put out an assessment that seismic was indeed unsuccessful despite earlier indications of success. The quarterly can also be interpreted as the TG6 being about to put out a release where the effectiveness of Seismic will become self-evident for all to see. This assessment will then trigger TG6 to shift from some reconnaissance 2D seismic lines to either more 2D lines or seismic work on a more comprehensive 3D array.


And as with yesterday and the days and weeks before that we wait for the drill results, other than what is implied by the announcement below.

TG6 sent a priority samples for Assay. I've never heard of a company sending priority samples off to the lab that they think are dusters. If TG6 are sending priority samples off, they have good reason to expect strong results. TG6 aren't stupid. They will have done a hand held Raman test and the UV light test before sending the sample as a priority. They will have sent the good stuff as a priority. I'm not convinced that we will get the results in July (Friday 26th, Mon 29th-Wed 31st) but it should be soon and it should be good.