These are my thoughts part news part opinion about my chat yesterday, in no particular order:
1. Gold Fields Limited has commenced drilling next door, to our S-SW, under their JV with Copper & Gold Resources PL.
2. We are permitted for the current planned holes, applications in for new/other areas.
3. The planned 40 RC holes will be at Spur/Spur South and in that area North of the Essex Fault around hole 62 - see my post in March Post #:
78402665 where I had high hopes for that area. Seth we look to be testing for epithermal related to the new Essex North porphyry target. Multiple porphyrys in proximity has precedent.
4. With thanks again to
@Cargo1 the RC has kicked off first at Spur. The new RC rig is high capacity, can drill to 400m quickly, 3 days. This phase we are following the gold, and RC is cost and time effective.
5. An MRE is not a priority at this stage, although internally we are modelling the results as we go, including the historical. We know what we have. Spur cannot be ignored. It will be a mine, by us or someone else. Recent announcements includes more of the sort of detail for analysts etc to join the dots. Confident that the ongoing drill results will keep the market happy.
6. When we raise don't forget the little guys.
7. All the photos of core are sending a message to those looking on
.
8. I asked whether the highlighted deeper section of DD002 was a glancing blow. That is the hope and you could sense the excitement for planned hole DD003, fingers crossed down the guts.
9. Delays with results due to ALS Orange. The bottleneck appears to be fixed, expect quicker turnaround.
All in all very happy holder and whilst tempted to take some profits yesterday I resisted. My near term thinking is upside at Spur is a given, Essex North is a possible new extension, Breccia West is just plain scary to contemplate, neighbours and majors are watching closely - so the strong hold fits my risk/reward, NOT advice, AIMO, DYOR.
GLTAH!
(20min delay)