The downhole EM conductor is certainly a positive sign, but we don't know how strong this target is. My take is that it is pretty weak, otherwise they should be straight into drill testing this feature FIRST. The depth is probably an issue and possibly explains the focus on the "new" ground EM conductor at Forrest, which would likely be much shallower. I have major doubts of this "re-processed" ground EM target though - surely it can't be particularly good if it can't be seen the first time around. Remember the other two ground EM plates coming out of Wodger were drilled and came up with nothing. I am expecting much the same if they go chasing this "new" target.
A downhole EM conductor ranks much higher than a ground EM conductor any day of the week in my view.
"Additional diamond drilling and DHEM at Wodger" is referenced in the further work table at the bottom of the announcement, but it doesn't get a mention in the "Planned Exploration Activities" earlier in the main text. I hope they might be after another EIS drilling grant for 2018. The next lot of grants are due for release sometime in Nov-Dec.
BJ
AUR Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
