RE:Low-grade Drill Results; High Expections=Drop in Share Price
These assays were from previous drilled holes from 2015 and 2017 which were re-assayed. Original assays for the 2015 drills reported as follows: Hole ID Dip From(m) To(m) Interval (m) True Thickness(m) Grade % Au g/t %QV EC15-15 -50 54.70 56.50 1.8 1.80 3.7 Unknown EC15-16 -50 38.00 38.85 0.85 0.85 1.8 Unknown EC15-16 -50 55.10 55.30 0.2 0.20 11.9 50 EC15-17 -50 58.80 59.25 0.45 0.45 5.9 18 Re-assay results reported today are: Hole ID From (m) To (m) Au g/t Interval (m) EC15-15 5.80 63.90 1.03 58.10 EC15-16 10.80 55.30 0.76 44.50 EC15-17 58.80 100.58 0.27 41.78 If you take hole EC15-15 original assay results and multiply the grade by the mineralized interval you get 6.6 g/t. Today's results for the same drill hole using the same method results in 59.8 g/t. There is a 9 fold increase in gold in this particular drill hole. I have not done the math on the other holes.