RE:DRILLINGI supect what you are really asking is "How come the stock is going down while drilling is underway?"
The first two holes are at the south end of the property next to Precipitate's Ginger Ridge discovery. While GQC expressed hope that feeders would be found here, perhaps the core recovered to date has been uninteresting. If so, this is disappointing, but hardly cause for panic.
Note two things:
1. The purple blobs on the IP survey are way bigger an more intense in the central portion, to be drilled later, and
2. The contractor will not have finished the 40 holes this year.
So we have only just begun