Been chewing on the release a while !!The locations of the drilled and released holes are as I was expecting..............
The whole fence line on the ice was rather dissapointing,,,,,,,,,,,,as only 57 and 60 really added to the depost footprint............a blip which is a welcome addition in terms of grade and depth.......
My intial thought is we have hit the southern limits of the deposit............... and the hope is that it carries hard into the NE on strike with 42 and 47.............. a cigar shape is where I'm going with this !
Glad to hear they are onto PS2, as I agree with highper that it could take into September for results as they have to go slower with depth...............a very binary outcome situation, however............a hit would propel stock price, where a miss, would crush big expectations that have been in the market
I was also dissappointed to hear that there is only going to be one 150 step out test to the NE this year.................but after digesting it all......................I guess it was really spelled out by Ken, that is to focus on getting a very tight first resource estimate out as a priority to step out drilling........this will take a lot of infill drilling to achieve this........all necessary to gain the confidence
...I also heard that they took a break to ascertain where to go based on this first round............... I don't anticipate hearing more assay releases fro another 45 to 60 days this time as well.........as they are just getting at it again !
We shall see how resilient the momentum crowd is over the next 45 days..........as a 500 % run in 5 weeks ....................is stellar and could use more consolidation !
Gold is showing some signs of digesting the $1800 level as well...........
In summary, I am plesased with the footprint expansion...............as this is what every additional release is meant to do ...............the bull keeps charging !!!!
GLTA