Member Info for Chiefs

What the announcement is saying

The company drilled holes into a gold–copper mineralised zone called the Red Setter diorite trend and confirmed mineralisation along ~4 km of strike length. That means the gold/copper system stretches for about 4 kilometres, which is quite large for exploration.

Key drilling results (good signs)

Some of the intercepts include:

• 8.36 m at 1.09 g/t gold + 0.05% copper

• 6.13 m at 1.47 g/t gold

• 5.76 m at 0.66 g/t gold + 0.4% copper

• 14 m at 1.0 g/t gold

• 7 m at 2 g/t gold

• 1 m at 6.4 g/t gold

These numbers are called grades.

Rough guide for gold drilling grades:

• 0.3–0.5 g/t → low but can still be economic in big deposits

• ~1 g/t → solid exploration result

• 2 g/t+ → strong

• 5 g/t+ → high grade

So the 1–2 g/t zones with some 6 g/t hits are encouraging.

Other positive points in the release

• Mineralisation confirmed along 4 km (large system)

• Multiple zones of gold and copper found

• Geophysics suggests a large hydrothermal system

• They plan 25 more drill holes in 2026 (9,000 m drilling) to extend the discovery

That usually means the company believes there is more gold to find.

But remember (important)

This is still exploration, not a mine yet.

They still need to:

1. Drill a lot more holes

2. Prove size and continuity

3. Estimate a resource

That process can take years.

Overall interpretation

For an exploration update:

• ✅ Confirms gold and copper system

• ✅ Good grades in places

• ✅ Large target area (4 km trend)

• ⚠️ Still early stage

➡️ So this type of news is generally bullish for an explorer, but the share price reaction depends on expectations and market sentiment.

I may brut more at a lower average if we get good news. Brilliant I wish this page allowed emojis for the fruit loops.

A smaller exploration company, Wishbone Gold Plc, also gets a mention after its shares more than doubled last week. The rise followed news from its Red Setter project in Western Australia, where drilling between 230 m and 470 m revealed strong mineralisation in a Havieron-style gold system. The story helped to underline the renewed excitement in junior explorers.

Does anyone subscribe to the mail on Sunday? Apparently wsbn are on page58. If so can you copy and paste here

Https://www.linkedin.com/posts/core-drilling-services_coredrilling-diamonddrilling-goldrush-activity-7391233215518236673-oUye?utm_source=share&utm_medium=member_android&rcm=ACoAADGDKa8B3tEaihLDDpeDjD8IXaWYalo7tOk

Sorry talk of boats

I think your getting ahead of yourself mr investor with all this take of boats, but I love the positivity you bring to the group

I thought you had sold up and moved on manifestinadropinshareprices. ?don’t be bitter just go

.93 good start

Crazy underpriced

Thanks for that , obviously to be taken with a pinch of salt but let’s hope.

Agreed, no news is good news

In my view the 12 million market cap is way to low with a good chance of hitting a 2-5 billion bonanza, and then that’s without the size difference in other dome at RS . I would have thought 300-400 million market cap pre results. Am I way off the ball or is that reasonable.

Thought I’d change the heading.

You want in then

1p is only 27million market cap, so I expect that well before results ,in fact we should be at that price now with the opportunity that’s ahead.

I can actually see this hitting 4p and a 100million market cap, PHE did that on hype.

This share certainly has the potential to be life changing for us all here. Apex geo really adds a lot of confidence to the drill.

Hells bells if you can’t get his point stop reading here and p—- off

Plus gold is nearly double the price