I really like the intent of this announcement. They are explaining what they are doing and thinking and why.
Gold exploration is a process not an event so this explains the process & think'g of how they are progressing to the source of the known surface Gold (the Old Mine).
They are narrow'g it down "The WCF is indicated to be only around 400m west of the western limit of the Nagambie Mine IP Survey where the WCF and the Nagambie Mine Thrust intersect."
They are developing & fine tuning the hypothesis - "The new replacement hypothesis for the hydrothermal fluids is that the fluids rose up the WCF (not the NCF) under pressure and then flowed eastwards (not westwards) and upwards resulting in the Under the new hypothesis, the gold mineralisation at the East Pit is the only place where the hydrothermal fluids reached the current day surface".
I'm on my phone & it's too hard to type but just read it.
NAG Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
