boxhillnorth some very valid points, the most apparent being that there has been few holes deeper than 50m
This from the 24 Feb announcement:-
The Craic deposit (formerly named Sons of Gowrie) is a small high grade resource near surface that has not been previously mined. A resource of ~26,000oz was indicated and the deposit is open along strike and down dip.
Intersections such as 5m @ 65.9 g/t, 2m @ 114 g/t, and 3m @
53.4 g/t indicate that there is good potential to generate a quick cash flow.
An exploration target of 150,000-200,000oz at 15g/t is considered realistic down to 500m vertical depth. See Figure 6 which is a long section showing gram metre for the deposit clearly showing the potential for down dip and along plunge.
Inspection of the drill core confirms that much of the gold occurs as visible fine gold grains and hence the ore is likely to be metallurgically friendly.
The time to buy your straw hats is running out.
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