RE: Drill results from Telfer8 Dec 2024 08:55
Look at how long it’s been since the traces of gold were found in the RNS quotes below. We must be due some results literally anytime. He quote “This year and that was 10 months ago. Any one of them being positive would change this share spectacular.
1,267.7m
§ Anomalous mineralisation of 8m @ 0.12g/t Au from 316m returned from EGD006, associated with alteration and anomalous pathfinder geochemistry.
§ Drilling results provide important geological and structural information to inform a systematic reverse circulation drill program planned for this year to systematically test highly prospective targets at Meadows prospect.
§ Ground induced polarization (IP) survey planned for later in 2024 to further refine targets, along with further airborne geophysics.
Managing Director, Shaun Day, commented:
“Completing the Land Access Agreement and EIS co-funded drilling at Ernest Giles is a significant milestone for the project, marking the first on-ground exploration in over five years."
"Ernest Giles is an exciting 100% owned project that sits outside our strong foothold in the Paterson region, in an underexplored Archean greenstone belt that hosts many Tier 1 deposits."
"These initial results are encouraging and confirm the prospectivity of the project. The results will inform further exploration work, including a more extensive drilling program this year."