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We're waiting on two more sets of results, both of which should be relatively high grade. Funding is not an imminent issue so I'd expect good movement but need management to actually start releasing the data they have. Previously said they had not as they were trying to pick up more land. When are we going to hear about either these new licenses they're trying to negotiate around JKL or the geophysics?
6th April update confirms plan for May-June for drilling pending rig & permitting approvals. Too tight a window? Also how many metres and we going for RC or diamond? Have been looking for a presentation but not found anything as of yet
Co have been putting out okay assays but the last one was superb, really really top draw. Best intercept since we took over the license and is sat on a completely separate deposit. Talking at least 50% uplift to current JORC but maybe more. More high-grade assays to come too.
Having said that, I really think they need to get their act together regarding geophysics. Give investors more of an idea of targets. Nothing helps more than visuals. Update the presentation (now 18months old and a lot has happened since then). It's not ramping just lay out the investment opportunity here, don't make PI's work to find out all the details. We need some momentum and unfortunately we're not getting much help from those in charge. I'm sure some of the views are echoed by others in here.
Think that's a balanced view from someone who believes in the potential of these assets.
https://twitter.com/tufffy93/status/1503386310458945537 Food for thought...
For what it's worth, I'm incredibly bullish regardless of stale trading activity here. Those grades are incredible and that area identified was picked up Orford mining back in 2018 when they did their soil sampling. No doubt the geophysics earlier in 2021 strengthened LEX's understanding and we're finally seeing it deliver. Top work from the team.
Always seems like jam tomorrow. Best guess at his point is wait for new ISA year to kick in next week to ensure tax-loss selling is completely flushed through. All is good unless we see TR-1s from the bigbois...
Absolutely exceptional results. 36m @ 1.67g/t Au - 60gram meter hole is superb and better than Loflin results from last summer (best intercept 41gram meter hole). Sounds like there are at least two gold mineralized sheets at L. South and this could become a serious deposit in it's own right. Looking forward to remaining 2 L. South holes as well as Loflin and JK results.
Market is sleeping on this one but won't be long before a sniff of volume and we're off to the races.
I didn't expect us to be at this level moving into drill results but we are where we are. I have high hopes for the next 3 batches of assay results and would expect us to be challenging that 6p area. It does depend on other conditions such as peace in Europe as well as underlying commodity prices. Let's see how things play out over the next few weeks...
I think after first batch of C. Belle results most weren't expecting anything other than <10gm intervals. During drilling other than reporting the odd sulphide chip seen in composite samples, they never disclosed large/thick sulphide intersections. They have done at Loflin South as well as Loflin and Jones-Keystone. I expect a couple 30gm+ Au intervals over the next 6-8weeks.
Great update by MILA on Kathleen Valley project. Clear & concise, great for new investors to the story.
https://static1.squarespace.com/static/57a212373e00bec21a900640/t/6238d0ceeccf4617e6a43a88/1647890645752/Mila-Resources-Handout-V5.pdf
Mark stated in recent Proactive interview 4 weeks which would be next Wednesday but no guarantees these days considering backlog. Always a chance of a drilling update any day - could hear about how holes KV26 & 27 have been going/gone. Imagine 19, 24 & 25 have intercepted the thickest sections and 26/27 likely to be thinner but still shows at least some alteration (glass half-full).
Please don't make me answer that, I'm a forever optimist when it comes to LEX and their assay timeline. In the recent TMS podcast, Bernard mentioned early March for Loflin South results. Obv, that deadline has been missed but I have more faith in AAL than SGS as this is the second campaign where they've delayed reporting. I'm hoping we hear back sometime next week from AAL. It would have been 8 weeks come the end of March so I feel that is a reasonable time horizon.
Decent continuation of the first batch of C.Belle results. Nothing to scream and shout about. The next 3 batches (S.Loflin, Loflin & JKL) of assays should be very good. Hoping these sulphide hits comeback with ~1g/t Au over wide intercepts...
Yes, quite incredible in this day and age people do not understand the concept of splitting trades. Likely would have saved 5-10% overall. Will we hear back on Loflin grades by the end of the week? I sound like a broken record with these assays. One day I'll be right...