RE:Credible Management - Press release was MATERIAL NEWSThe way I read the news is they will extend two of the holes drilled in Phase One (they drilled three holes at South Eureka Tunnel). Hole #2 is the hole drilled vertically, which of course reached higher depths but they could not continue this hole which ended in mineralization.
The plan to go back and extend hole #1 and hole #3 sounds good, as it is very cost effective to deepen those holes to test the deep oxide zone.
We know there is gold at shallow depth based on previous drill results and likely confirmed by current drill program.
We know there is oxide mineralization at higher depth, never tested before.
Insiders buying on open market at 28c/share.
Michael owns 13.8% of the outstanding shares and buying more.
Exciting times ahead! A lot of people sold early on this one, not many shares up for sale as strong hands have accumulated over the last couple of months.
Good luck and happy investing!