PEN 1.05% 9.4¢ peninsula energy limited

difference between the truth and whole truth, page-52

  1. 681 Posts.
    Thanks beaver007, I think I've read that before but it's good to read again.

    I agree totally that 'hit and miss' drill results are consistent with roll front geology. I was merely pointing out that expectations of 100m lbs plus don't seem to be supported by the hit rate so far, and the rate of drilling is slower than initially expected as well. The goal is to expand the area of known mineralisation so misses are important to define the edges and learn more about the geology, but obviously they don't help to "expand". I view each miss as a spot where the company hoped to find mineralisation and didn't. Not a huge issue, but I believe in calling a spade a spade.

    dt
 
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