RE: Greatland Gold HAVERION Hole 521 Oct 2018 17:35
11:41
May I kindly explain the post?
Investors could not understand the word "Visible Mineralisation" when the RNS came out say what is this visible mineralisation. Rio used this term via the article by Barrry Fitzgerald on the rumoured Rio big *un find in Paterson Province, W.Australia.
Then, the Haverion Holes 2-4 were not as exceptional to exactly the same degree as Hole 1 and the share price was affected.
HAVERION HOLE 5
We are waiting for the ASSAY results of Hole 5 expected in Mid-Nov 2018 and it was stated in the 1 Oct 2018 RNS of GGP: "GEOLOGICAL INSPECTION has CONFIRMED HAD005 has intersected Mineralised brecciated calcareous limestone & sandstone with MASSIVE pryrite, CHALCOPYRITE, PYRRHOTITE and quartz veining. Initial observation from HAD005 in CONJUNCTION with earlier results from HAD001 suggest that Haverion may represent a VERY LARGE mineralised system."
So the word massive is from GEOLOGICAL INSPECTION and associated in the same sentence with what was massive ie pyrite, chalcopyrite, pyrryhotite & quartz veining."
When the assay results come out for Hole 5, that would be a DEFINITIVE results ie it is confirmed by assay.
That also means that Hole 6, 7 or maybe even 8 [1 Oct 2018 GGP RNS said Hole 6 had started and the article:Finding the Motherlode-Interview with Gervaise Heddle by ii said that it will be 1 Hole per wk]. Someone said it may take more than a week if it is slightly deeper.
It has already been expressed earlier about the Holes after NO 5. From an example or example ie 3, one can SEE that NOT ALL the HOLES WILL BE SPECTACULAR. In the proving of a resource, the model will take in all the holes in composite.
So, for the investors, they should know what happens and how many holes other co*s drill.
Not many co*s report RNS with geological inspection of massive pyrite, chalcopyrite, pyrrhotite & quartz veining.
So, clearly one needs to understand what the drilling is about. Without examples, how can investors JUDGE in isolation.
By the way, from my posting history, I do not go from stock to stock. I was in Solgold from the early days and now one can see that Greatland Gold in a Tier 1 jurisdiction may have initial results that look promising.
Otherwise, when the results come out, what do they match it against?
How does one know the grades are good or exceptional as well as the intersections. In the said article by ii, GGP said they need to put in 24 holes in Haverion to find out whether it is a big find or MAJOR FIND.
On the LSE forum, only known for research.
Sun 21 Oct 2018.