RNS31 Jul 2018 08:10
Sounds very very positive to me!
"The magnetic survey at Marengo has returned a surprising, but very pleasing semi-circular pattern. Initially, our team was expecting more linear patterns to reflect the prevailing geological northwest trend. When the semi-circular pattern started to form in the magnetic data, our team began to realise that what they were seeing is likely to represent an alteration zone around the mapped intrusion at One Mile Mountain.
This pattern, together with a chargeable response beneath the mountain itself, a circular resistive anomaly around the mountain, strong magnetic signatures correlating roughly with the resistive anomaly, high-grade rock samples at surface and numerous historical workings is starting to produce a most compelling model for potentially significant mineralisation. Planning for RC drilling is underway."