So far the past and present drilling results and especially the ongoing current drill program are indicating that the exploration model being used at deeper levels may in fact be on the cusp of a major discovery. It is evident with the latest two news releases that the drilling at depth has compiled some decent results but the real potential of this discovery has yet to be determined. The fact that the drill cores at greater depths are containing the trace minerals and especially also are containing the presence of black chlorite alteration is extremely promissing. The following informative paragraph has been contained in both of the last two news releases;
Furthermore, we have once again noted the presence of trace chalcopyrite and sphalerite and semi-massive pyrrhotite accompanied by intense black chlorite alteration, which suggests the proximity of a VMS-type environment, a potential indicator of gold-bearing massive sulphide deposits."
Based on the area's geological formations and the trace minerals plus the compelling confirmation of "Black Chlorite Alteration" is sound geological evidence that the exploration model at depth is getting closer to the heat source which could lead to the discovery of a "Gold-bearing Massive Sulphide Deposit". It may be similar to the one found many years ago at Hemlo. The grades and widths of the drill cores from the latest drill campaign are very similar to those unearthed at Hemlo prior to Mr. Pezim and boys poking a hole down through the bulb and the rest as we all know is history (26 million ounces). If this find does turn out in fact to uncover a VMS, with the high grades being uncovered so far on the outer edges of the system, bodes exceptionally well for the main ore body which will definately be richer and substantially thicker.
Based on the latest drilling results released, I have taken a comfortable position out on this play and will be watching in great anticipation as the rest of this intriguing story unfolds.
Good luck to all.
Please due your own DD before investing.