In terms of viability, 1 g/t is good if have significant resource at that grade. 1g per tonne here might be on the borderline given the depth and strike width so far, so more drilling required, as the key evaluation concept here will be on a 'per vertical metre' basis IMO and need more meterage IMO at that grade and the strike 'widths' reported - obviously higher grade would be preferred, but as a drilling program still a very good start here IMO.
Agree, the VMS assays will be interesting as first up drills given these are outside the Creasy1 area.
More info of view in my post last night - last section in particular.
I see this as a positive announcement, but more drilling required, as they are recording wider width in the strikes (some at 10 metres or more), so hoping the better understanding they have here of resource leads them to more drills locations which further improve the resource understanding and hits. Obviously hits are based on geology, so why the outcome here is in the drill bit, obviously.
Seems to me, they are in effect been sytematic here, as they try to follow the strike, and how they think the resource/geology is layered, so this info is certainly going to help their next drilling program at Creasy 1 IMO, primarily because they are likely to have a better understanding of what the resource is doing through these drills. Would still like them to put in a drill in one of those conductors near Creasy 1 btw.
Finally, and to repeat previous posts, 1 in 100 exploration plays ever make it to mining, so suspect some of the sales today are long term holders seeking to free carry and traders doing their thing etc etc. Free carry strategies, this side of the market a good thing IMO to minimise risk if you are a long term holder, but each investor has their own risk profile, so up to you what you do in that regard, as some investors have higher risk profiles than others and don't mind risking it all etc etc etc
Time will tell.
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