It'll be the gold! Has to be. "significant exploration results."...

It'll be the gold!
Has to be.

"significant exploration results."

All the nickel assays have been released.

Reading through the previous announcement we are awaiting assays on hole 3A drilled further to the east of the first 2 and any other holes that may have been drilled?
The last announcement was 3 weeks ago.

"Sulphide alteration, quartz veinlets and gold levels increase eastwards from KGD001 towards KGD003 on Line 5, suggesting a localised vector towards potential significant gold mineralisation"

"The first two holes indicate the presence of a potentially large-scale bedrock gold mineralised system underlying the extensive alluvial and interface aircore gold mineralisation at Sir Laurence"

This is critically important that the assays confirm the gold is hosted well within the bedrock itself, down deeper rather than just the first few metres to validate the model of a large mineralising system.

"CEO, Ed Turner commented: “Whilst we have not yet intersected economic grades in the first two holes, the pervasive hydrothermal alteration, intense sulphide development and widespread low grade gold mineralisation demonstrate that we are drilling within a large and prospective system. Sir Laurence retains the strong potential, due to its litho-structural setting, to host a large mineralised gold deposit".

"The first two diamond drillholes on Line 5 strongly suggest the existence of this bedrock gold mineralised system and have demonstrated that the original aircore bedrock gold intersections are underlain by a large gold-bearing hydrothermal system"

Assays are going to vary from hole to hole as the first 2 holes highlighted!
However proving beyond doubt that the source is below (there are still sceptics out there) rather than remobilised alluvial or eluvium gold in the top weathered profile as Artic pointed out above is crucial going forward.

It validates the model of a KB style deposit and will generate more market interest than just great assays from one or two holes.

Hopefully we get both.
I'm trying to temper my enthusiasm on just great results to more of how Ed describes the underlaying geology, alteration etc as every resource has richly endowed shoots surrounded by lower grade bread and butter gold!!

The market will be looking more at the bigger picture!
Be interesting to see what Warwick Grigor at FEC has to say about the announcement but we'll have to wait a further week to read his thoughts.

Cheers