Setting expectations realisticallyEveryone here is more than ready for news. So there's some anticipation of the core results for the big hole that are a bit overdue. This isn't new news, but the hole is a step out twin to one already drilled, just a lot deeper. You will recall that the original hole, Av 02 reported some gold exceeding 1 g/ton, more at .5 g/ ton, and still more at .26 g/ton, over a 200 meter horizon. AV 02 was 615 foot deep. The step out twin is 2,500+ ft. deep. That creates the potential for some disappointment if the pending results aren't spectacular. While spectacular results would be welcome, that's not the expectation at this early stage of exploring Avocado. It is expected to help select 2017 Avocado drill targets.
What do we have to look forward to in 2017?
• +/- Mid-Feb: Core results
• Late Feb: Announcement of 2017 much expanded drill plans.
• Drill plans are expected to include new deeper holes at iceberg into a possible gold horizon under the existing deposit. This is a result of geophysical surveys last year.
• 4-6 new holes will be announced for Avocado. They might be deeper holes like the 2,500+ ft hole waiting results.
• April: Drilling commences.
• With some news momentum and favorable gold price trends, look for the remainder of the private placement.
• We all know there will be other news. What's missing?
Source: news releases