to start of with, the 167g/t, over 3 m, was really 1 meter at 490g/t, and the other 2 meters averaged 3.5g/t. the grade has never been replicated, and can simply be ignored. watso, in the attachment, has shown the location of the recent drilling , and from that, it can be seen an area (as indicated by holes 1 to 8) of interest, is about 100m long, and in all fairness, there is nothing really worth getting excited by. true width is about 2/3 rds of drill width. watso has grouped the holes together, to better indicate, the relevant cross sections of the drilling
hole 1 18m to 20m .......2m @ 2.45 55m to 58m .....3m @ 1.78
hole2 35m to 36m ......1m @ 2.68 59m to 60m ......1m @ 8.66
hole 3 50m to 51m ......1m @ 60.61 56m to 59m ......3m @ 1.32
hole 10 1m to 2m ....1m @ 19.45 29m to 36m...7m @ 13.91
holes 11 and 12, are reasonably good, as the grade and width are fine - but one cross section does not indicate too much - the company probably has done some other drilling around there somewhere
holes 9 and 10 are interesting, and watso would not be surprised, if the company drills a few holes, to the north and south of this area of interest, in the coming weeks - it is probably a better bet, than other areas, and is probably the best chance of getting some extra oz - indeed, the company should think about putting about a dozen holes, around that area - another two step back holes, and maybe a drill fence, of three holes to the north, and another drill fence of three holes to the south. they should do this, while they have the drill in the area, or if need be, sacrifice other planned holes (depending on rig availability)
watso has shown the cross sections for holes 11 and 12.. and for holes 9 and 10
GDA Price at posting:
6.2¢ Sentiment: Sell Disclosure: Not Held