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250k clip taken at 3.7 early doors. Could it be the Ice-man? Still moving well albeit on low volume. Long may it continue into assays then JORC. Who knows, we may get a surprise about land packages being increased. Hoping for detailed releases where possible.
Does look like recent Pure-Ice dealing cleared any left over stock. Moving very freely (albeit very low volume). Bodes well moving into 1m assay results. My hope is that will push us through 3.6p and eventually close in on challenging 4.8p which was a stumbling block when original Loflin JORC was announced.
As a follow up, the geophysics flown by Revolution over JKL back in 2011/12 (slide 17): https://www.slideshare.net/RevolutionRC/revolution-resources-corporate-presentation-99
You can see distinct anomalies south of current JK holes which has a bigger footprint than what's been drilled. My hope is the VTEM survey from last year, which should be more precise, showed a similar magnetic response.
Large geophysics anomaly to the south-east of Loflin has been confirmed by recent drilling (Loflin S.). Furthermore, Orford mining soil anomaly shows huge sections on the Loflin license in particular where they've got elevated gold readings: https://orfordmining.com/wp-content/uploads/2017/11/Orford-Mining-Investor-Presentation-november_2017-Nov-24-2017.pdf (slide 20). Obviously a large section of this is where Loflin South was discovered and I'm hoping the VTEM has shown other areas that could be followed in a subsequent campaign.
Would be great to see the VTEM survey to get an idea of what we might have on our licenses.
No this is separate to Homestead which is dead east from JK and north north east of Loflin. Soil anomaly is in the centre portion of current JK license, extending beyond the area that has currently been drilled. Go further southwest in the current license and there's a geophysics anomaly which is a similar size to current drilled out section. If this has been confirmed by last years geophysics, got to be a target for phase 2 drilling. Could honestly be looking at a size similar to current JK known holes. JK could easily become a 200kOz resource on its own after phase 2 drilling.
Agree. I think potentially get a JK JORC by the end of October. What I'm also interested in is phase 2 JK drilling. There is a huge gold soil anomaly to the south west - same size as the anomaly where all the JK drilling happened. Orford collated all the work before they Lexington picked up the licenses. My thinking is, if the geo we flew last year helped us discover the new Loflin South satellite deposits, potentially the soil anomaly to the south west of JK has highlighted a similar geophysics anomaly which has now been materially derisked by Loflin South discovery.
All to play for but need the company to help us with detailed news release. Got to give prospective shareholders a reason to get involved and stay with the co.
Could really do with a drilling update. Why is site prep taking so long?
Sure hope we hear back from JK 1m re-splits next week. Took 2months from last Loflin holes to hear back on re-splits and coming up to that now with JK holes reporting early/mid July. Markets haven't been great but hopefully we can keep up the recent positive momentum.
I've been extremely critical of Lex over the last 6 months as they've not been delivering. However these last few weeks, they've been a lot better. Importantly, with Pure Ice taking their stake to 21.45%, I imagine we'll be in for a good period of appreciation (as long as markets stay somewhat stable). They don't own over 55million shares for no reason & they wouldn't be increasing their stake by ~3m if they didn't have a "good feeling" about this one. These guys are in the know. Definitely feeling more confident about my investment leading upto to autumn.
Remember last March/April Pure Ice increasing their stake twice from 15% to 17.6% before we went on our run to 6p. Not the same conditions but now they're at 21.45% and we're close to hearing back on high-impact newsflow...
Will be interesting to see if day to day volume will slowly increase as there has been very limited liquidity in this one over the past 12 months. Be very surprised if we don't see a move into the 4s based on what's coming up...
It will shape your investment, JDF7. Success in exploratory drilling is hitting the commodity you're after in 1 out of 20 cores. We're hitting gold in every hole. Hence, I have absolutely no doubt we'll continue having success. Share price may not always react to success from the drill bit - but that's out of managements control for various reasons. As long as they continue performing (hitting gold), which is all they can do, I have absolute faith that value will align.
Hoping we see the drill bit turning by the end of next week. Will be good to get to see some new, deeper core pics in September. No doubt we'll continue to have success considering our geo team & targets.
Always been one to trade unusually. Need some volume to start moving us so hoping RNSs stack and give us that positive momentum. Would be great for the co to RNS their plans for future drilling campaigns, maybe give us a sneak peak at the anomalies we've recently drilled as well as the others that are potential targets. Think we can start thinking about breaking through to last years highs again if everything falls into place.
Gold starting to move, close to breaking $1800 too.
Yes, very timely announcement. Good level of detail. I would love it if the company could show us some of the other high potential anomalies around Loflin & JK so we have an idea of what we're going after. So much to play for here. Glad the co are starting to articulate it for us shareholders. Look forward to the JK 1m assays shortly.
Be disappointed if we don't receive some news by next week. Surely 1m splits for JK must be ready by now. Company needs positive momentum from 1m Loflin results to be followed up quickly. Expect very detailed releases too with inc. JORC/new resources to be announced by month end.
They've got high-impact news coming over the next few weeks. They need to make sure they deliver it with the detail of their last news release. We want EVERYTHING, not just 10% RNSs. Give us drill fans, some models, infographics and tell us about what the next drill campaign will look like. Everything so far has focused on the current shallow deposit.
Did the geophysics indicate their could be any targets at depth? Next step is to prove up serious size at 1g/t Au ave.
1m breakdown of JK assays will be interesting. Hopefully get some detailed drilling graphics too so we can visualize the deposit. Different style of mineralogy (sheets) but runs slightly deeper than Loflin.
My goodness - they've included an info graphic of one of the drill lines. Beautiful to see. Accuracy will only help strengthen upcoming JORC. Good to see we should have an updated Loflin resource by beginning of August. Starting to look interesting here again.