I am really happy with these results. What it tells me is that the oxide near surface drilling is proving to have economic grades and widths of gold. Irvine now has 2 discoveries being Resolution and Adventure and two more proven prospects being Dutton and Napoleon. This is fkn amazing. 2 Discoveries. Most explorers never find anything or they spend all their shareholders money to prove that there was notheing there. But these people are on to something really significant. Also and importantly these last results are for the near surface oxides. Oxide grades are always lower than the grades lower down in the fresh sulphidic rock.
I only became a shareholder in December and think this will be a huge investment winner as the drilling keeps on finding gold. When they drill the deeper fresh rock, I expect them to see higher grades and economic widths, just like the magdala deposit nearby at Stawell.
I also think that having Kirkland Lake on the register is really important. If Irvine ends up being a mutli million ounce project (which Victoria has a pleasant habit of doing by the way) then Kirkland will probably want the whole company. That is ok by me. I'm happy to wait for their letter in the mail offering me a 10 or 15 bagger return on my investment.
There is very little risk here on being a shareholder. The discoveries are only just touching the surface. We have a huge upside in front of us from more drilling in the oxides and the potential for bonanza grades underneath. The company has plenty of coin and catalyst are spending a significant amount on Tandarra.
This is just me concentrating on Irvine. Wait till I get off on Tandarra.
I'm really bullish and calling 50 cents by the end of the year.
Go you good thang.
omg
NML Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held