TSXV:LGC - Post Discussion
Post by
nozzpack on Apr 16, 2024 10:17am
Extended assay wait….new interpretation , new Geologic model
They were also working to increase the gold endowment at Butia by relogging and selectively re-assaying the 78 historic drill holes (20,000 metres).
This reinterpretation of historical results will standardize the geological interpretation and assay results of the data, consistent with new information and geological observations from the adjacent Fazenda do Posto gold discovery.
it's quite possible that this new interpretation is enabling them to drill test new extensions to known gold mineralization , hence delayed reporting.
Perhaps this new interpretation of formation structures and a revised geologic model along with confirmatory initial test drilling results is the reason why the independent Director bought another 572,000 shares.
If so, the next assay results news release could be very signifucant ..
Be the first to comment on this post