The significance of the Perseus drill hit is that they only put one drill hole in the prospect, and it came up with silver (71g/t). It was only a 1m intersection as it was an aircore drill and only went to 39m depth. They only intersected silver in the last metre of the hole (from 38m) so who knows how wide the intercept would have actually been if they had of kept drilling.
As I said 100% hit rate so far, one hole one hit @71g/t. True width unknown as yet but no doubt more than 1m. Need to get back there ASAP.
IVR Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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