RE:chip samplingBrian you obviously haven't paid much attention to any of Bob Archer's latest interviews. He has made it clear that chip sampling WILL be included in any future resource estimate and it also gives far more information on the width and orientation of the high grade zones than mere drill sampling alone. It also acts as a guide to the upcoming drill program and has already thrown up a drill ready high grade zone at Good Hope 80mts long and 60 mts deep averaging 12.9g/t. This has been possible by chip sampling at different levels vertically and encountering almost the exact same grade 60 metres apart. When they drill down through this and announce a drill result of 60 mts of 12.9g/t the market will not be long in taking notice and the SP will respond.
First of all they are going to do a complete IP survey of the property which is huge and consists of a number of old mines plus some interesting zones that were never mined including the Pediment zone. The thinking behind this is that the high grade gold in all these old mines has a source at depth and the IP survey will show up any anomolies and these will also form part of the high grade focussed drill program.
It is far too early to look at any measured and indicated resource. This upcoming drill program and the completion of the chip sampling program will give enough information on where the high grade gold is located to formulate the next program. Whilst all this is going on gold should soon start to move back towards it's next target of $1700. It is only when gold gets into this sort of price range that we will see a flood of new money entering the gold junior mining arena. In my view and many others on this site NRG will be one of the main beneficiary's of the next move and my long term price target on NRG is still over $1 and if things go well far higher. All of this will unfold over the next two years.