now thats an elephant - 886m gold intercept , page-22

My understanding is that hole 1 was vertical. Either the drilling has a kink in it or the pipe downward angle is on some other angle but not vertical.

A bit of a worry as the pipe is suppose to broaden out at depth, but doesn't exist at the last 150 metres of hole one. Maybe only a week or so and hole 4 should shed some light on where the Hobbs pipe is hiding at the kilometre mark.

Would be good if hole 4 connects the Hobbs pipe to the deeper mineralisation. Otherwise we will only have the top half of the theory demonstrated.

At this stage we are unlikely to have less than 1.5M ounces of gold. Holes 4,5 and 6 will indicate how close we will get to proving up 3 or 4M ounces. Guess it will take most of August and September to finish and get results for the next three holes.

Saltbus