CHN 3.03% $1.02 chalice mining limited

I had a quick look to jog my memory. It was the 2016 drilling at...

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    I had a quick look to jog my memory. It was the 2016 drilling at Monsoon (S2R). Multiple holes (I think 4) all hit amazing grade, 12m at 26g/t ending at eoh and 66m at 4.2g/t to eoh. Thr share price rose from about 10c all the way to above 80c from this. They followed up with a diamond rig and failed to verify. They then twinned all the old rc holes and found a few, very narrow, high grade disconnected veins. Some intercepts include 0.9m at 117g/t and 0.5m at 29g/t.
    Needless to say the share price tanked back to 10c and hasn't recovered since. Their reputation took a big hit from that.
    Not to say anything like that is happening here. That was vein gold, this is a layered mafic intrusive. Just saying be wary when companies sprout rc or air core results without being verified.
    Last edited by 2011doogs88: 24/04/20
 
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