No surprises here and largely a rehash of the previous announcement.
- Intercepts on the CLS were replicated albeit at a slightly narrower width of 25-30m as opposed to the previous 40m intercept in Hole 044 (See below). - Intercepts on the NSS were not replicated and a narrow high grade shoot of Bornite was intercepted in lieu of the 40m intercept of Moderate Bornite/Chalcocite veins in Hole 044. This will likely provide higher gold grades but much lower copper grades. The width appears to be approximately 10m but the fact that it is labelled as trace to strong and the fact that only a 1m drill section is depicted tends to indicate only the existence of a narrow high grade shoot (See below).
In any case, nice to have the continued news flow and the key take away is confirmation of their structural interpretation that validates their model and means less likelihood of any further surprises as they move closer to the core. Still not expecting anything ground breaking from 045 but the next 2 holes after that are where things will likely get very interesting.
SVY Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
