Hope Topdrill feels justified in taking TOR scrip for half the cost of the current the drilling campaign. Here are the results highlighted in today's announcement:
They made that call on the back of a series of assay results from the previous drilling campaign:
Rather than thinking that today's results don't quite measure up with the previous ones - which I guess is why the share price has responded down on today's announcement - I'm thinking how could I forget how impressive those previous results were. Today's result, by themselves, are indeed robust.
I'm using Warriedah (ASX:WA8) as a sort of yardstick for Torque as they both seem to be following the same path of drilling up their discoveries with the goal of toll treating what they find. Warriedah seems to be getting more popular attention despite Cristian Moreno busting his gut in promoting Torque so it is a good one to compare Torque with. I'm not a geo so I don't know how the rock formations compare at Torque's Paris and Warriedah's Golden Corridor but simply going on the assay results I think Torque is more than holding its own. Any change in sentiment towards junior goldies should see CM's efforts better rewarded.
Bring on the maiden mineral resource estimate!
TOR Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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