I'm not a geologist but each of those samples were conducted on a 400x400m grid. The spacings are huge between each sample so to expect more than a couple of "outstanding samples" would be to misunderstand the scale. Look at the interpreted footprint on the maps for the reported soil anomalies and you can see some huge targets have been identified.
The results were excellent from my interpretation and we should see an announcement soon regarding the geophysics (magnetic & radiometric) results. Combining this data with these identified soil anomalies will result in drill targets. Drilling should be commencing very soon, and I feel that will be a catalyst to at least double the current OVL share price. Our market cap is only ~9m currently. I feel at-least 20m is more realistic going into drilling.
I thought I should add it's interesting to note that in the location of our current 340koz @ 3.9 g/t resource there are virtually no outstanding soil anomalies, yet there is all that gold there.
- Forums
- ASX - By Stock
- Ann: Strong Gold Anomalies in Soils at Topacio,NCM-OVL.AX
I'm not a geologist but each of those samples were conducted on...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IXR (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.69M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $30.43K | 3.043M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 12774510 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 4475193 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
41 | 12663400 | 0.009 |
20 | 10898904 | 0.008 |
11 | 7214435 | 0.007 |
6 | 5835000 | 0.006 |
11 | 7368511 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 4475193 | 9 |
0.011 | 9107303 | 16 |
0.012 | 3049604 | 14 |
0.013 | 1212706 | 3 |
0.014 | 2909137 | 7 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
IXR (ASX) Chart |