Awesome news guys! Cant wait for the lab assays. Then we may have definitive news on whether Mile 72 is a world class project.
A few things to note in the interim: - With alaskite deposits, multiple intersections are possible in the same drill hole (which the ASX announcement seems to allude to); - We should not write off the two “barren” holes because they were only 85m deep, which may not be deep enough to intersect the ore body if it plunges downwards; - Alaskite deposits can be many hundreds of metres deep; - The ASX announcement suggested some or all of the successful ~85m holes ended in favourable mineralisation. So the project is open at depth; - the Spectrometer readings are “significantly evelated" which should correlate with good grades.
The company has been very conservative in the past when making ASX announcements, so the very fact they made an announcement like this means this is BIG. :)
MLS Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
