RE:Significant is a relative term these days???It is relative. Investors like the high grade hits from earlier assays but these positive results are evidence that the Abel Knoll prospect has room to grow. Adding ounces across wide widths are significant to the company and underpin the value of shares. There are good US projects operating at .6 g/t because they have a low strip ratio, open pit, and the ore that is amenable to heap leaching. Nevada is a prime example of mining low grade ore economically and generating free cash flow
Phase 2 5000 meters planned
12 holes drilled, awaiting assays
30% of drill holes are target resource extension (yawn, low risk)
70% target greenfields (exciting, high risk)
The CEO explained the importance of low strip ratio in an interview with Cory Fleck, KEReport