Yes the four holes should be intersecting similar mineralisation as they are all targeting the carbonate-base metal-Au mineralised zone. No arguments there.
The question is why the delay and how much have they intersected. NEV024 was completed before 26th July and assays were initially due mid to late august and now the latest announcement informs us that it has now just been cut and is not yet in the lab. They either have been having serious logistical issues or they do not want to release the results of NEV024 in isolation. Prior to the drilling the holes was targeting mineralisation under NEV018 and 019 and post the hole they now have a fault shifting the NEV024 side down and describe the hole as providing information on the eastern extension of the main mixing zone and throwing light on the structural framework.
NEV025 has all the chances in the world of being well mineralised. Reading between the lines I just don't think NEV024 is going to contain a lot of gold. The structural information will be useful in future planning and understanding.
What do you think the announcements are telling us?
GOA Price at posting:
3.1¢ Sentiment: Hold Disclosure: Not Held
