Well, the quarterly metioning the 20k drilling was released on 30 Oct, so results must be around the corner, unless drilling has been put off for some reason.
Some of the drill results mentioned in the quarterly not include in the last upgrade included:
- 17m @ 9.2g/t gold from 16m
- 6m @ 14.9g/t gold from 39m
- 5m @ 12.9g/t gold from 59m
- 14m @ 3.4g/t gold from 94m
- 12m @ 3.1g/t gold from 12m
- 20m @ 2.6g/t gold from 44m
These were to be followed up 'immediately'.
Other results outside the current resource were at the smaller Fourkoura deposit.
All results are shallow and less than 100 meters vertical depth, a selection of drill results from the 700 meter step out drilling includes:
„X 20m @ 2.6g/t gold from 44m
„X 12m @ 3.1g/t gold from 12m
„X 12m @ 3.0g/t gold from 84m
„X 8m @ 3.7g/t gold from 28m
„X 4m @ 7.9g/t gold from 52m
„X 12m @ 2.2g/t gold from 16m
If that 700m step out drilling is filled in with similar results it will turn into a substantial deposit on its own.
Hopefully the market is not factoring in too much of an upgrade and longer term holders reap the benefits.
Market toppy and POG needs correction, so could be some downside to take advantage of soon.
SDG
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