In my opinion, the management of the Younami JV have been very surprised at the negative reaction to their latest announcement.
In my opinion based on that ann, Rox MD Mr Alex Passmore believes they have made an exploration breakthrough with the SAM survey. This is a game changer.
The SAM method sends an electrical current through the ground and provides data on relative resistive features. Low resistance to the current is strongly correlated with gold mineralisation because gold is hosted in silica-sericite altered rock.
MMC low responses ie gold hosting rock is blue-green in this diagram. Grace is a major new high grade gold discovery with many excellent hits eg 25m @ 35 g/t, 14m @31g/t, 5m@ 126 g/t, 4m @ 74 g/t. Grace is blue, green and orange ie low response. The mapping of survey data onto existing hits has demonstrated the high degree of accuracy of the new exploration method. Of course, new areas to drill are now opened up with a high probability of success. Drilling will now be speeded up because the new tech provides data on drilling targets without the need for prior drilling assays. (In the past the slowness of assay returns has led to some disappointing results). The very high confidence targets are marked in red with the Link and Junction targets high priority and being drilled currently. Early results at Link include 12m @ 6.5 g/t at just 28m and 2m @ 11.81 g/t.
MMC low responses (blue-green) are related to more resistive features and highly correlated with gold mineralisation .
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