Could be starting to price in positive gold drilling results at Tick Hill. The last specific announcement was way back in July when they commenced the start of the drilling program. Shouldn't be too long before results are released one would have thought.
Historically Tick Hill produced 511,000oz @ 22g/t of gold, so there is gold sitting in there.
Historical intersections included:
- 2m @ 104.2g/t Au fr 92m - 2m @ 40.2g/t Au fr 17m
- 3m @ 84.8g/t Au fr 15m - 2m @ 20.2g/t Au fr 3m
- 5m @ 20.6g/t Au fr 66m - 3m @ 16.9g/t Au fr 59m
Shouldn't be too hard to get a few good hits drilling through the old workings particularly, with the aid of SAM surveys which can assist with target identification.
The following provides some detail around the background of the potential for Tick Hill when the project was acquired in March 2019:
https://www.asx.com.au/asxpdf/20190312/pdf/443d9yxd52q4ws.pdf
Targeting ~30c on the charts if positive gold hits can be achieved.
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Technical upside breakout ahead of gold drilling results
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