Don't like being negative, but this one is unusual.
It reiterates previously released announcements from 3-May-10 where there were high grade soil samples with grades up to 421 g/t in soil survey, as well as previously released RC drilling announcements June-10
Then it adds in the current soil survey that 23% of holes were above 0.01 g/t (not very high) and states there will be a major drill program at this site next year.
So it seems they are trying to spin low to mediocre results by putting them into the context of previous high results.
Now fair enough you would expect soil survey to be low and it does imply there is gold there and the anomaly is large 4.3 km long.
But is it the best use of resources. Couldn't they infill drill Justinian first - or at least at the same time.
I s'pose what they are saying is that there will be a new drilling program next year over a site where they have a high chance of gold and that investors can expect discoveries from this site next year.
Mmmmm still digesting this.
EKM Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
