Just spoke with Ian. They are very encouraged by the 7 drill holes…only drilled to 100 M.
Hit magmatic material in all 7 holes which he explained was a magma (MMS) as opposed to a VMS which is hydothermal.
The MMS is unaltered and coved with 30M of limestone
This material same as E1
They expect that the source is at depth where they saw the anomaly on ZTEM
They only drilled 7 holes because they had an agreement with Webiquie…didn’t want to upset them
They are now waiting for the results of the Crone to give them a triangulation
They plan to fly MEGA VTEM over the newly staked claims
They will be raising money to do a winter drill program…still very excited about the target under the swamp 600 M west of hole #1 & 2
They explain the low grade in hole 2 (.31% cu) as simply being a dilution as the magma came closer to surface…notice that hole #1 which was beneath hole #2 has a higher grade (1.2%) ….they expect that grades will improve at depth.
They are calling all shareholders to explain results.
Looks like a great buying opportunity to me.
SN