They are not drilling blind - they know Gold is there from historic drilling.
The Magnetic Anomalies are new info they are following up on.
Look at the Volume today - over 120 million traded just in one day.
Ned’s Creek is located on the northern margin of the Yilgarn Craton, along the southern margin of the Marymia Inlier, within the Capricorn Orogen, a significant metallogenic province hosting VMS copper-gold deposits including the Plutonic Mine, DeGrussa (13.4 million tonnes at 4.7% copper and 1.9 g/t gold), Horseshoe Lights (73,000 tonnes of copper), Paroo (15 million tonnes at 5.6% lead), Fortnum/Labouchere (1.0 million ounces of gold) and Peak Hill (1.0 million ounces of gold). It includes a kilometre-scale gold system along the Contessa granite which reflects a major magmatic-hydrothermal system and a distinct intrusion-related style of gold-molybdenum mineralization.
All gold mineralization identified to date is located along the Contessa granite with exploration focusing on four main targets: Contessa, Central Park, Gidgee Flat and Brumby. High-grade gold mineralization has been intersected at depth at Gidgee Flat (14 metres at 2.93 g/t gold from 77 metres and 11 metres at 5.83 g/t gold from 195 metres) and at Contessa (11 metres at 29 g/t gold from 140 metres, including 1.0 metre at 151 g/t gold from 140 metres).
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They are not drilling blind - they know Gold is there from...
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EQUINOX RESOURCES LIMITED.
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