RC drilling at the Lachlan Blind Calf target commenced two weeks ago and was targeting completion within two weeks. Therefore, the drilling may be completed very soon. Ideally, we will have shipped off the first batch of dirt for analysis as they came up so that may mean we start getting results in the next 1-2 weeks.
Historic drilling identified near surface high grade mineralization including 27m @ 6.08% copper and 7.6g/t silver. Other intersections include 14m at 2.32% copper with 1.98g/t silver.
If the RC drill comes up with similar results, I expect renewed interest to flow into TLM. We'll be cashed up and ready to aggressively target anything that looks economical.
The selling today at 27c is, IMO, laughable given the possible capital returns and imminent drill results.
Smart money doesn't look or act like that.
Blind Calf Assays Due
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Last
26.0¢ |
Change
-0.010(3.70%) |
Mkt cap ! $48.96M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 26.0¢ | $8.448K | 31.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19187 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 10000 | 1 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| TLM (ASX) Chart |