spotty5 Nov 2021 12:11
Thanks sooooo much for your erudite contribution at the end of the below thread.... just what I needed.....
What will be next...? yep. More drilling. From the RNS...
'The targets are annotated T1 to T6 on Figure 4, with the targets approximately in order of priority with T1 being the highest. Based on the results of the initial RC drill programme further drilling is warranted along the western flank of the Nugget Patch trend and adjacent to the historical Teglio mine shaft. Planning of the follow-up work has commenced and further announcements regarding the details of this programme and the timing will be made shortly.'
You can't even begin to compare CM to Eclipse.... different scales... orders of....etc
Someone else, grumbled about CM being 'another dud' or something like that. Incredible. This is exploration. There is lots to do. These are not deep holes. You could easily miss a high grade resource just because it is at 200M not 80 or a 100.
Geologists must read these threads and wet themselves with the bull locks written.
BUT, the SP is very annoying and the nature of the Eclipse 'ramp-and-deflate' was and is annoying and a tad suspicious. That I will give. However, the cash they have to use from Georgia is their last 'easy-money' so they will not want to waste it. They have CM because they feel there is a very good chance of a meaningful hit and deeper Eclipse work can wait.
EEE WILL need to raise, but they will certainly want to do that at a much higher price or JV or whatever. First they need to find some meaningful gold intercepts and there are PLENTY of places to look at CM.
Hence all the 'soils' etc etc to guide the RC. It's called EXPLORATION for a reason. No-one has been there before. But they are surrounded by meaningful hits...our turn will come.
ATB BH
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