RE:Its becoming increasingly obviousCouldn't disagree more regarding the deep comment surrounding. All the larger, potential tier 1 deposits these days are found deeper than 500m. Can't tell you how many countless small caps have moved because they've hit deep, long intercepts. Proves the thesis of a larger system at play if they've already uncovered shallow prospects. Case in point is LGC this week. Completely different type of play but shows the above - hit shallow, high-grade gold intercepts with little response from market but then announced a low-grade but long interval (340m @1.09g/t) and 5-bagged in 72hours. For explorers, the market loves long intercepts.
I'm cautiously optimistic for this autumns campaign from the deep drilling in Jamaica and hope to hear back on it by the end of September. They've proven some decent shallow hits (309m @ 0.44%Cu/0.33g/t Au) - now to see if we can get 500m+ deeper down.
Peru is definitely a longterm play due to political/social pressures. However, if you look at the acreage surrounding us - Rio, Hudbay & BHP have pinned us in over the past 24months. So if the majors aren't concerned, then its likely to be a good sign for the others.