A couple of points to keep in mind. The Pearse deposits are the type of geological deposits which are normally found in clusters. The area has been poorly explored and it would appear that Pearse deposits were only found through outcrops. The strategy of drilling adjacent to the existing open cuts is a no brainer and should have been pursued much earlier. The drill results from Jacks Hut look pretty good. There is a lot of potential there. That the management prefers to spend money adjacent to Pearse gives confidence that this will produce more small deposits for open cut. I am still a fan of the A lode which has some very high grades and looks to be pretty big. It should continue at depth. All in all the future looks pretty rosy.
KBL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
