my takeTo the average investor the results were dissappointing , but read between the lines as every drill hole tells a story and adds to the development of the deposit . - most do not understand this concept but this is my take.
holes 26 -28 were poor BUT holes 27 and 28 were not drilled deep enough ( after the fact as the intrusive sits deeper!! )
hole 26 was wide open exploration to the south ( risky) and failed to find thick,economic mineralization
hole 29 and 31 drilled to the southeast were average ( M.F. 79 and 35 ) and found a tongue of mineralization heading westward but failed to find the main intrusive body
hole 30 in the "gut" of the RC depositis a very good hole with gold from surface and extended the deposit some 30 - 45m northeast ! The hole is thick( 220m ) with an excellent M.F.=162 which is typical of the RC intrusion
now going forward: ( incorporating info from the first 6 holes )
The remainder of the program :
hole 32 - if the hole was drilled deeper it may have encountered more gold at depth - open to the northeast trying to link up hole 30 to 35
hole 33 likely poor as it may not have been drilled deep enough ( similar to 27 and 28 )
hole 34 wide open exploration to the northeast - unknown potential
hole 35 VG wide open discovery ? - hopefully the extreme northeast extension to the RC deposit - should be good
hole 36 2 zones of VG ! - should be a very good hole -in the heart of the RC deposit !! ( repeat of hole 30 ) - pushing more to the north northwest
hole 37 VG - should be a very good hole - in the heart of the RC intrusion
hole 38 should be an excellent THICK hole - a deeper undercut of hole 25
hole 39 DEEP VG - should be an excellent THICK hole testing the depth component of the RC intrusion - gold down to at least 417m! ( similar and likely better than hole 30) - will add BIG reserves if successful!!
hole 40 should be a good thick hole - in the heart of the RC intrusion - similar to the discovery hole
There is so much more drilling required. Not every hole will hit as at least two holes were simply not drilled deep enough! The best shots are yet to come of which half contain VG and vg equates to good assays The RC depost is clearly open to the north and northeast. It may extend to hole 35 ( 350m westward) It is also deepening to at least 420+m. with gold from surface at the central core! It still goes to the west - just need to drill deeper! The RC intusion is only risky towards the south. DO NOT WRITE THIS DEPOSIT OFF! IMHO it will become a mine and better than Victoria gold!!
Hope this helps clarify the first 6 holes ( to me , it was a huge buying opportunity)