MRQ 25.0% 0.3¢ mrg metals limited

Ann: Yardilla Drilling Update, page-5

  1. 23,919 Posts.
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    Couldn't disagree more

    The "technical success" they refer to people here simply don't appreciate.

    "Hole 3 was a stand out ....but un-mineralised. However the identification of proximal and distal alteration is as good as it gets without finding the ore...... Believe it or not but you can be literally be meters away from Gold Ore yet only have less than 100ppb Au in the rock."

    That is what they are referring to in "technical success", meaning they came very close to locating what they think is the source with Sassak technology in Hole 3, Hole 1 and 2 didn't utilize it and didn't show anywhere near the promise - hence why they are following up hole 3

    They aren't wasting precious funds and drill Yardilla "just because"

    The reason they mention QLD targets if you read my earlier post is because they have sufficient funds to drill Yardilla AND another QLD target, or continue drilling at Yardilla. They are saying they have sufficient capital to keep exploring, regardless, but in no way are hedging their bets - it's smart business and a great announcement
 
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