re: Ann: McPhee Creek assays confirm major ex...
Arrived back in the country this morning. Trying to divulge this recent release of results.
I find it fairly encouraging what hole RCMC203 delivered. If you look at where this was positioned in the southern sector of McPhee (page 4 diagram of recent announcement) you will see that it shows a fairly lengthy and thick extension from the 140Mt exploration target (Purple Zone).
As per GIR's own description "Additionally new results from longer traverses across the range are providing significant encouragement, including bedded hematite mineralisation (RCMC203: 74 metres @ 56.5% Fe) on the eastern side of the range. "
RCMC153 situated fairly close to the 'Exploration Target' (purple) delivering 102m @ 58.2%
This southern section to the East of the exploration target looks to be thick and of DSO grade.
Looking forward to the release of the numerically 'even' holes in this area for confirmation.
The question becomes, how far north do these good results go?
GIR Price at posting:
$1.99 Sentiment: LT Buy Disclosure: Held