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Gold looks to be close to breaking out, needs to finish above trendline on the monthly to confirm. Should help rebalance lots of producers and should have a knock on effect to explorers. Perfect timing with so much operational news close to hitting the RNS feed at LEX.
There was a 3 week interval between the first and second Loflin drill results from last spring, I'm hoping a similar scenario will mean we're due the next lot of C Belle results at the end of Feb or early March. Imagine first 7 Loflin holes drop shortly after and then the 2nd Loflin batch with some luck by the end of March. Wishful thinking we'll get JK assays by end of April? Maybe as they haven't started drilling there yet but what I do know is that we will get multiple batches of assays and drilling updates over the next 4-12weeks
Good initial 11 out of 32 hoes. Looks like we're resting on the 200 DMA. Should hopefully receive the rest by the end of February and possibly the 7 Loflin holes from AAL by then too. Imagine we're due a drilling update shortly - assume rig has been fitted with replacement part and drilling is well underway on Loflin again. Confident we'll be in the 4s by the end of Feb.
Can't agree more. If L/T holders actually thought this was a terrible bit of news you'd see much more selling than 40k shares. Wait until good news hits and we have 250k-500k+ buying in a short space of time.
I see someone saw this as an opportunity and took 100k at 3.2p. Seems to me like a smart guy (or gal)
Not surprised considering initial release dates between Xmas and mid-jan. Glad they've identified another lab with no delays but probably less cost-efficient. Good news are the delayed assays should only be until early Feb and drilling should recommence shortly.
New discovery, called Loflin South, is getting 2 more holes in and around the sulphide hit so they should be promising.
True, lots of targets already on their licenses. Think Bernard is quite a Davy operator so will look to increase that whilst it's quiet. Labs seem quite slow (and these guys are considered the most efficient about). Hopefully not too much longer.
Great week, looks like we're back on track. Barely any selling - buys easily pushing us up, seems like the easy stock has gone. As mentioned below, sticky hands not off-loading, likely just a few inpatient PIs over the last couple of months. We've got 5,000m+ worth of assays to come in. That'll be at least 4-6 batches worth and more drilling updates too - that alone are 2 months worth of news flow to continuously drip-feed us & the market..
Bernard also mentioned in October TMS interview geophysics won't be released as it may tip-off landowners they're currently negotiating/plan to negotiate with. Will we see some more acreage being picked up? I reckon they are going for the land between Loflin and Jones-Keystone. Previous geo & soil sampling by Revolution Resources picked up an anomaly between the two deposits called Homestead. Broadly speaking they think all three are linked, an extended corridor of gold-endowed mineralization. Be great to see the geo as I'm sure we've got multiple analogues on our tenements, just a case of which ones we go for first. Already know one of them south of Loflin is a hit. Questions is, how many more?
If everything has gone/going to plan, expect an update on RC campaign along the lines of Loflin drilling finished and rig now mobilizing to JKL. I really hope they've added extra holes into new extension as 25m of sulphides is a serious intercept. Loflin resource had intercepts of 70m @1g/t so could just be hitting outskirts of this new southern play. So much going on here.