Beyond The CarbonatesYesterday's assay results fell short of the high expectations of shareholders. The search for mineralization within or below the carbonates yielded little within the carbonates. This appears to lend support to the company's theory of the carbonates acting as a seal for the suspected sulphides below.
The hiring of Scintrex for down hole geophysics is timely. As noted in the PR one of the primary applications of their Gravilog system is the sensing and mass estimates of massive sulphide bodies, either intersected by or remote from the hole. This approach makes sense over continued drillng at this time. Deployment of the Scintrex equipment will take place within the next ten days with a completion time of about two weeks.
The most note worthy information to come out of yesterdays PR was that both 5b and 6b have intercepted carbonates one kilometer apart as the company had theorized.
The mineralization in hole 5a came from somewhere and that somewhere was down under. I doubt 5a was a one off. Russell and Rice are intelligent men and they sense something is there, this is their game. If Russell lacked faith in Two Mile he would cease operations now and move onto one of the companies other properties.
As well some source has been buying this stock heavily for some time now and I think they will continue to buy up to their limit where public disclosure is required. I suspect its some entity heavily funded and highly knowledgable in mining. Likely for them the most important information to come out of yesterdays PR was the fact both 5b and 6b share a common carbonate bed.
I'd like to see what Scintrex has to tell us in the coming weeks.