It is a complex question, as assessing the prospectivity at such an early stage is difficult. The length of the strike is important as it indicates the potential size of the ore body, but a 2m strike at 41.8g/t could well be a strike through a horizontal vein. You need more drilling to confirm this. Also the indicator minerals within each sample can also indicate that a deposit is continuous.
Whilst the high grade intersection is encouraging it is this section of the announcement I like the most
"In addition, intersections of 4 metres @ 2.64g/t Au (hole RC044) and 1 metre @ 3.18 g/t Au plus 2 metres @ 2.14g/t Au (hole RC043A) have been returned 50 metres north and south along strike from hole RC030, indicating that gold mineralisation extends over at least 100 metres of strike. This zone of mineralisation is associated with semi massive sulphide mineralisation which is believed to be the source of the VTEM response."
There is an intersting article here for some further reading
http://news.goldseek.com/GoldSeek/1242751631.php
Cheers
AQD Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
