lionel diggings

What is the problem with Lionel? The last anouncement, 27th June, 2008, seems positive enough:-

"
High Grade Gold Mineralised Shoot Discovered at Lionel Diggings Prospect

• High grade gold discovered in first drilling program.
• Potential for moderate to high grade mineralised shoots from the surface to open pittable depths.
• Infill drilling planned to start within 6 weeks.

IIG is pleased to advise that all analytical results from the first phase of drilling at Lionel Diggings have been received and interpreted. Seven reverse circulation holes totalling 1073 metres were drilled as an initial test of a sheeted quartz vein system. Previous surface mapping and rock chip sampling identified numerous highly anomalous gold values in veins to 28.8g/t gold and on the vein margins to 73.3g/t gold. Figure 1 shows significant gold in surface rock samples and drill hole locations. Initial results were announced to the ASX on 2 June 2008.

Drilling has demonstrated that the Lionel Diggings property has the potential to host shoots of moderate to high grade gold mineralisation within and around the sheeted vein system. In drill hole 08LD004, a previously reported intersection of 2 metres at 11.2g/t gold and 6.3 g/t silver is interpreted to be part of a mineralised shoot that extends from the gold bearing surface samples down plunge to the northeast to lower grade mineralisation in drill hole 08LD005 with an intersection of 2 metres at 2.6 g/t gold (see Figure 2)."

So what is wrong with that?

Robert