It's positive news they have defined new Pegmatites although they are too deep at the immediate drilling location. It's clear there is a good match between the seismic and the drilling and therefore if laterally continuous, these deeper units are likely to dip to shallower levels by faults. Not too far from Mt Caitlin within the mining lease this deeper pegmatites are likely to be within economical depths.
This has certainly reflected in the sp this morning. Go GXY and GMM!
GMM Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held