Response from IR to my question as to what this release mean We do not see this as cause for concern. It is merely a technicality that the securities commission asked for us to further explain and which we were happy to explain. A basic explanation of the situation is below...
Imagine that you have a ruler that is fifteen inches long and there is one big glob of paint in the middle covering one inch. Now imagine you take your finger and smear that glob of paint all across the ruler and say that instead of there being 1 inch of a lot of paint, there are 15 inches of a little bit of paint. That is bad practice and that is called smearing. Now if you look at the assay table that we just put out, what you will see is that we have a 15 meter long ruler with a few big globs of paint across that 15 meter intercept. That is exactly what we reported in our initial March 24th release. The securities commission asked us to restate the assay and further clarify what comprises that assay with more detail, which we have, and which we were happy to do. Notice that the globs of gold are not all in one place, but distributed in significant intervals in more than one area. While Queensway is a nuggety system, this hole very well demonstrates that we are encountering gold over broad intervals.
I hope this helps to explain!