This is the first big news that has flowed in Phase Four drilling, it is also backed up by other RC drills having hits as the RC team drill up and down from T5.
So now they have two areas of interest for nickel, the RC drilling is 7,500 mts at an average of 350m each that 20 odd holes, plenty more to come. From there they do the EM work and see how this hole area plays out, its interesting times.
Also to the idiots who read that announcement and though the assay results were for the new discovery hole, how could they be, assays taking weeks to come back from the labs, the exploration going on in Australia is huge at the moment.
ESR from what I can tell in the latest quarterly has:
Two Discoveries at CB
RC drill doing 7500 mtrs
Diamond Drill as well drilling 200 mtrs from T5 riht now
Assays due back in time for the new discovery and likely news on the Diamond, it happens at any time you get a hit
They also have a drill going into Spargoville a known resource with: Spargoville - 2.2t @ $27,000 of nickel is close to $60M
Plus NEO metals they say might have to pay a lithium royalty and who is not drilling and selling lithium - $2m
Anyway, good luck holders, there's plenty going on, this shares got legs, new discovery, 33m with 12M and massive sulphide's of 2M
I wonder what bigwig sold out, good riddance
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