From a delayed drill program commencement date due to wet weather late 2022, the diamond drilling continues as planned.
Nothing has formally been reported on the status of any of the diamond drill holes apart from a passing comment from Chris during the RIU Exploration Conference indicating the initial hole passing into an "as expected" carbonate base metal (Pb, Zn) area below a known structural zone. Thus further supporting the vectoring to a porphyry for future drilling.
The only reason for the shares dropping is because the broader stock market is falling, copper price down a little to US$4.01/ pound overnight and gold is up a little to US$1,838/oz overnight. Limited news from the drill rigs such as the quality of the core and timing of assays is not helping matters. Also, shareholders who bought in at 15 cents may be taking a small profit while they can given the market conditions.
IMHO, the only take away from the sell-off today is the shares are oversold and present a great investment opportunity once the porphyry is defined.
SVY Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
