My prediction came true, this is a closeology play.Any company drilling holes on prospectors hunches that include the results reported in todays NR, sould never let the prospector choose the next hole. This company ageed to let the the vendor of this moose pasture choose all of the drill locations till the company earns its full interest.
Results like this are extremly disapointing, to say the least.
The three drill holes in this initial phase of exploration work were drilled within the Deloro geological assemblage and were located to test an airborne acoustical EM target at depth. Carx-20-01 was collared at UTM coordinate 450544.7 m E, 5360519 m N (Zone 17), and was drilled with a dip of 86 degrees at an azimuth of 348 degrees. This drill hole was successful in intersecting gold mineralization within a cherty banded iron formation that returned 0.21 g/t over 2 m from 429 m to 531 m. A second intersection further down the hole in a sheared metavolcanic breccia with quartz-carbonate veining and pyrite/chalcopyrite mineralization returned 0.21 g/t gold over 6 m from 535 m to 541 m. Carx-20-02 collared at 450596 m E, 5360519 m N and Carx-20-03 collared at 45068.8 m E, 5360525.6 m N also intersected numerous zones of sheared metavolcanics containing mineralized quartz calcite veining that also returned anomalous values for gold.
QUESTION will the management drop the property or continue the deceptive colseology promotion?