Recent successful results have added confidence the second phase have filled in the gaps identifying nothing they didn?t already know. They will look closer next year and kick around a few rocks. The results have not added to previous geological survey results acquired from Helix recourses etc..
'where drilling results at shallow depths included an intersection of 4 m @ 1.3% Cu (including 2 metres @ 1.2% Ni) and 30 m @ 1% Cu with nickel ranging from 0.25 ? 0.5% Ni over the same intercept'
In conclusion, there is something there, but they wont know anymore then they do until further ground exploration commences in the new year.
I will be keeping an eye on the neighbours explorations to make comparisons against the potential in GNI plays. all we can do is hold. There is money in the ground, but they need to confirm the feasibility of the resource which will happen next year. Tuck this little gem away for the new year.
GNI Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
