Credible Management - Press release was MATERIAL NEWSInvestors need to read between the lines.
This is a very credible management that has a history of material discoveries and selling the companies for billion dollar valuation.
Management would NOT put out a fluff press release.
Therefore the last press release of SIGNIFICANT OXIDE MINERALIZATION is material information especially if you add on the aspect of negotiations with driller to come back in phase 2 and drill two deeper holes.
Press release said that they were still in the mineralization when hole was lost.
Given this managements prior history and credibility I will translate what they are saying:
"We have high Significant Gold in hole #2, which is visible to the eyes. We are rushing assays to the lab to get the results out to the market. Given this new discovery we will drill 2 more deeper holes to know the extent of this significant gold discovery, it could be 100 meters of gold. We gave you a hint in our press release and could not tell you directly in plain words as we need independent lab to confirm to you this awesome gold discovery"
Ask yourself, why would they put out a press release is it was not material for you to know.
MPO