The ann said this:
'Four holes were completed at the Contessa gold prospect targeting a new induced polarisation (IP) geophysical anomaly. Earlier RC drilling at Contessa intersected pyrite alteration associated with narrow intervals of +1g/t gold mineralisation in bedrock.'
The interval readings were from the 20/12/14 ann and were of RC primary gold:
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Nearby previous readings were aircore done in 2013 and mainly were of secondary gold I believe. This is from the 2/6/16 ann about just 3 of those hits:
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Yesterday's ann also said this:
'The IP survey was conducted to improve targeting of bedrock gold mineralisation in the Contessa area. The survey identified an anomaly with a length of 150m and a target depth of 150m to 200m. The current four-hole RC drilling program successfully tested the target zone on two traverses, achieving depths of up to 249m. Alteration and disseminated pyrite mineralisation was logged within diorite host rocks.'
I think that many people who have sold since the ann are not interpreting the news properly and I also think that they do not understand the complete story.
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- Pyrite does mean sulphides
The ann said this: 'Four holes were completed at the Contessa...
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