Impressed with how Julian has managed this since October when announcing the focus on the gold again.
Everything planned has been executed on and phase 1 drilling was definitely a success.
The 400m Arsenic anomaly I think is the most important discovery yet around drill hole VKRC0068 (17m @1.1g/t). The conversion between high arsenic anomalies and discovering gold in this region in quite high and based on the nearology there is a very high chance of significant discovery in 7 follow up holes let alone the remainder of the 20,000m drill programme which will only become more focused from remainder auger sampling and phase 2 drilling.
0.7/0.8c presents very good value and this looks to be in for a rerate in the coming months.
Also, clever marketing renaming "First Hit Project" to "Riverina East Project"
Ann: VIKING BIFROST AUGER RESULTS DEFINE LARGE 400M GOLD TARGET, page-4
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Mkt cap ! $8.735M | |||
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