Quarterly report says “At Rupice North the mineralisation...

Quarterly report says

“At Rupice North the mineralisation remains open in all directions and the Company has mobilised three rigs and will add a fourth to the campaign. The Company will continue to explore further to the north and also to the west, east and back to the south in order to expand the area of known mineralisation and also to provide sufficient sample data to allow preparation of a Maiden Resource Estimate in 2019.”

Also it is interesting to note that the IP anomaly at Rupice runs out of the tenement to the northwest while the deeper extensional drilling and plunge is to the north. The company says this about the northwest striking IP anomaly at Rupice.

“The style of sulphide mineralisation at Rupice makes an excellent target for induced polarisation (IP) geophysical surveys where the presence of sulphides results in an increased “chargeability” anomaly against the host sediments. The Company has carried out an IP program used two different arrays; gradient array (GAIP), see Figure 3, which allows for the rapid coverage of large areas, and pole-dipole array (PDP) which gives better depth resolution, allowing confirmation of the chargeability anomaly and defining a target for drilling.
These techniques have defined 5 anomalies exhibiting increased chargeability. The Rupice anomaly is clearly associated with the polymetallic mineralisation intersected in drilling. The anomaly extends over a strike length of +600m and remains open to the northwest, with current drilling only covering nominally 17% of that strike length.”

The company needs to secure the ground to the north and the northwest as a matter of priority.

Then you have the Brestic and Jurasevac prospect which is also being drilled with an IP anomally that seems to have higher intensity to that of Rupice, possibly indicating a shallower system. The grab samples at the historic adits at Brestic and Jurasevac have similar grades to Rupice and the company is also saying there are similar mineral assemblage in these samples to those found in the high grade Rupice intersections. IMO Brestic and Jurasevac is odds on to host another VMS lens.

There could be a few embarasssed sellers once the work planned over these next two quarters in complete. Hopefully management are looking over the horizon towards the next capital raising at a price well over 40cents.

The problem though is we have the Xmas grinch from SFR on the register who probably wants more and going by bitter experience will probably be willing to give shares away so he can drive the price down to get a bigger stake cheaper. Hopefully managment can use the grinch’s money wisely and make him or a bigger player pay up the projects real value once the time comes to sell or develop.Esh