re: Ann: Spectacular Drill Results Continue a... Pingu"This Ann...

re: Ann: Spectacular Drill Results Continue a...
Pingu

"This Ann is positive and tends to disagree with the chat that the grades are diminshing, the resource too small for viabilty and all of the other not to disimlar resource posts we've been reading over the past year."

What todays announcement does show, is that the mineralisation is not consistent over larger areas. That is why they are finding it harder to convert inferred to indicated.

The fact that 77 holes out of 236, showed no mineralisation at all, supports the above. . . and even allowing for the higher grades within the results, the average grade from a much larger sample ( 31 economic holes ) than the last report from Kendrick, is lower at
" Average 361 ppm ". . . . . . . the last report was
" Average 533 ppm " from ( 11 economic holes )

Unfortunately these figures seem to fly in the face of your statement above.

All IMO


Swiss