Share price got belted due to very poor diamond drill results -...

Share price got belted due to very poor diamond drill results - basically out of the best 4 DD target we had 3 blanks and 1 miserable hit. Still waiting on the last hole but that is the least exciting hole being on the east of the east mineralised trend - won't hold my breath on this.
Both DD holes north east and north west of the initial bonanza grade were complete blanks. Market was likely expecting triple digit or at least double digit bonanza grade hits here. The third DD on the south side of the east mineralised trend also ended up with a blank was also disappointing to see. The only DD hole (42) which intersected some gold was a very miniscule amount - nothing to shout about.

We all knew the priority phase 4 RC hole would be hitting some good grades so nothing unexpected there.

In saying that we have barely scratched the surface with GBR as seen in the geophysical survey results. Very early days with the best yet to come. We've yet to put any RC / DD in the yellow area which could very well contain the motherlode.




The above picture tells it all. We've barely scratched the surface with Mulga Bill drilling.
Gold price looking good going into 2021.


Rising inflation and a slower economy will continue to be strong factors supporting gold pricing to move higher in the future.


Patience will be rewarded for the longs.