Ann: 118.0 Metres @ 0.98 AuEq Drill Intercept at , page-2

re: Ann: 118.0 Metres @ 0.98 AuEq Drill Inter... So looks like there is nothing much at depth at the main target. And that gold equivalent calc looks dodgy as they are using gold price of US$1,198oz. More like 1% = 1.56g/t using recent pricing
Unless they get some thicker intersections then this first target is still looking around the 20-40M tonne mark - pretty small by porphyry standards.
Lets see what else they can find, they need at least 1 or two more targets to make this tenement worth while.