RE: They are homing in on it, that's how it works27 Oct 2021 10:51
I suspect the Board elected to release partial results from Cherry Tree because it was obviously not looking like a commercial proposition so no point in waiting fr the final drill completion. Creswick where at least two drill holes were completed awaiting assay results a month before Cherry Tree ,so are obviously available, is a different kettle of fish. Following the most southerly drill hole, and in advance of assay results, the Company chose to reiterate that further licence applications to the South are awaiting approval. I suspect once the Creswick results are released there will be a whole new vibe about this BB.
From the July Creswick update "A total of 6 drillholes have been completed to date on the Creswick gold project. Out of these, assays have been returned from 4 of the holes and each of these contain gold, including the scissor hole (CSD004) that was drilled in the opposing direction away from the main structural zone to test peripheral structures. In particular two of these show high-grades (CSD001 CSD003). Current drilling activity is focussing on assessing the strike extent of quartz mineralisation associated with a series of shallow historical gold workings along the Dimocks Main Shale trend between sites CSD001-CSD002 and CSD003-004. There is a strike length of 900m between these two initial drill sites that has not been drilled before. The Directors believe Mercator Gold Australia (MGA) is the first company in history to undertake such mineral exploration in this region to such a high level, and plans are underway to cover the shallow, up-dip extensions of drilled quartz reefs by soil geochemistry.
Results are pending for recently drilled CJD001, which is our most southerly drilled hole along strike to date (2km south of CSD001-CSD002). Significant quartz veining has been intersected within this hole.
Visual evidence of the limited extent of hard-rock gold workings and the mapped extent of eroded alluvial gold workings leading up to the Dimocks Main Shale area provide a practical demonstration to show the potential strike length of this gold system (see announcement 25 September 2018 - https://www.investegate.co.uk/ecr-minerals-plc--ecr-/bus/exploration-mapping-reveals-large-gold-system---creswick-australia/20180925090000Z6056/). Furthermore, as announced on 23 March 2021 (https://www.investegate.co.uk/ecr-minerals-plc/bus/annual-financial-report/20210323132000Z3358/), MGA has applied for additional licenses EL006713 and EL006907 on the southern extension of this vein system to the south."