RE:Now that they are drilling tight to the high grade hole...War, like I mentioned in my last post, an alternative theory would be that they had to cease drilling operations shortly after their Aug. 9 PR because of a lockdown in Victoria.
If this is the case, I think stating as much in a new PR would actually help the share price and calm any investor anxiety.
In their last go-around:
March 29 PR: started drilling at Happy Valley
April 6 PR: reported VG in hole HVD002
April 27 PR: reported VG in hole HVD003.
This time:
Aug. 9 PR: Phase 2 Drilling underway.
No PR issued since, so either early drilling has not produced VG of any significance, or, like I stated, drilling operations may have been stopped.
If it`s the former, they`re just doing what other gold explorers do - not mentioning lack of VG if the don`t see it, and waiting for assay results to come back from the lab (which could take a couple of months or more).
We shall see.