RE:RE:RE:RE:RE:RE:GOLDSPOTI read the title and wondered if they were saying they moved 'a' drill, or moved 'the' drill. It is unknown how many drills are turning there.
Also, they mentioned no geologic descriptions in the nr about Schooner, just that they had intersected 'structures'.
- Schooner drilling successfully intersected the primary and secondary structures defined through geophysical targeting by GoldSpot Discoveries.
- Core logging and sampling of the Schooner drilling is underway and expected to be completed shortly, with initial assay results expected in six to eight weeks.
Well, that could just be fault zones with zip in them. Zip, as in not even any quartz veins. Don't know, but I'd think if they had seen quartz veins, and vuggy veins at that, with maybe some associated sulphides, they would have shouted it out. See LAB nr's describing their quartz vein intercepts before they got any assays back, like Apr 12th, which has a long description of what they saw in the core:
A 20 metre mineralized zone containing quartz breccia, scattered quartz-carbonate veinlets and frequent decimeter-scale quartz veining with associated fine grained pyrite and arsenopyrite was intersected between 43 and 63 metres downhole. Following the dark grey-black shale, the hole intersected a sequence of pale green shale that hosts meter-scale quartz veining. The veining consists of bright white-smokey grey, vuggy quartz with local stylolites, silica flooding, breccias and intense sericitization (See figure 1). Fine grained arsenopyrite, pyrite and Sb-Pb-bearing sulphide, verified by pXRF, (possibly boulangerite) are noted along vein margins and as strong disseminations in the surrounding wall rocks.
So I'm not holding my breath on assays from Schooner. I invested in this stock for the Dog Bay area. Let's see what they come up with there. Good assays from grab samples.