Yep, sulphides hit at the magnetic anomaly Revolution highlighted in their campaign. There was also another (bigger) anomaly at loflin that, yes you guessed it, we now have under our control with the recent increased acreage position. No doubt the fixed wing survey corroborates the geophysics from 2012. All coming together nicely.
Ideally we need to be around 4p (top of triangle) when assays hits for breakout with 6.5p first target. Hard to see assays not being in the 30-50m @ 1g/t range considering positive drilling updates recently.
For anyone interested, Pancontinental resources (PUC: TSX) released a 22min video on their recent drill results over at Brewer. Really insightful and multiple similarities with many of our deposits. Obv they're excited by the recent results but they seemed to insinuate they might have something bigger than Haile!
That's likely been holding this back. Could be more selling to come but with IIs increasing position as well as chunky buys going through today (more II buying?) , I'm sure we won't be around this area for too long. Think new ISA tax year starts on 6/4/21 so hopefully will stop any selling for that reason.
RE: IG markets forced selling over?29 Mar 2021 22:51
Think we have the perfect combination coming up - IG covering complete, new tax year, small free float (<50%), geo analysis & drill results. Unbelievably under the radar. No doubt a monster move sometime over the next few months (unless there's a market crash).
Definitely. I remember being told a while back anything above 20m @1g/t is commercial (depending on depth/jurisdiction). Gold prices are strong so if we're able to get similar results then that'd be great. The larger NQ holes were due to better quality analysis, which is probably true, but I think they are after larger, nuggety samples. I think a lot of us will be pleasantly surprised by what comes back. I wouldn't be surprised if one the drills goes A LOT further than 100m...
Can't imagine news it too far away. Might have finished drilling all the cores by now - imagine first couple of drills are with the labs currently. Hopefully we'll get results within the next couple weeks. Romarco were sending most of their cores off to Alaska and somewhere in the states (maybe Nevada?) from what I remember so really just depends on their workload.