Nativeowner, "Disappointing results to be honest. Gotta expect...

Nativeowner,

"Disappointing results to be honest. Gotta expect that in this game and get on with it. Need to move onto the next drilling targets"


I thought is was to be expected. The Cu-Au ore shoots in the Ironstone do not go 90deg vertically up. They are on an angle to vertical within the main structure Ironstone Structure and thus drilling directly below a good result usually delivers a different result.

As for the SE Anomaly ....................... it depends on whether there is microscopic gold associated with the pyrite as well as the Mo and any REE's.

Although I have only a vague knowledge of pyrite, my past reading on the matter has led to believe that there are several situations in which pyrite and "invisible gold" can occur.

That said, I have no idea yet as to what the assays will disclose, thus to go on about pyrite and the multiple possibilities seems a little too close to walking down the "pump & dump" path.

Probably best to discuss the second hole once we get the results back.

Also, not that I have enough data to work out a JORC style deposit estimate, I don't think it will be anywhere near as disappointing as the share price seems to indicate.

Anyway, I guess we wait.


MI