I don’t know what the big fuss was about other than if there is any crying going on now it is the panicky longs who cut off their noses despite their collective faces:
The NES site has reported all along that the testing the boundaries of the Ana Paula mineralized structure was going to be part of the drilling program and specifically this last bit of drill this summer. Why? Because as has always been stated on the site since inception:
“The reported mineralized intervals in core tend to be separated by "barren" intervals that may or may not contain narrow anomalous sections and local high-grade spikes that are not included in the calculations of mineralized intervals. Unless specified otherwise, reported intersections are calculated according to a protocol that uses a 0.20 g/t Au cut off for bounding assays.”
So a through drilling program has to find out where the boundaries are of the LOWER grade structure too. This is what they did and YET as example:
AP-12-128 is a new exploration hole that intersected interesting silver mineralization over multiple intervals including 1.00 meters of 0.02 g/t Au and 96.0 g/t Ag, 5.66 meters of 0.10 g/t Au and 25.04 g/t Ag and 12.63 meters of 0.33 g/t Au and 9.12 g/t Ag.
AP-12-130 intersected strong gold and silver values including 7.27 meters of 1.30 g/t Au and 31.1 g/t Ag that includes a 0.30 meter interval of 7.75 g/t Au and 102.0 g/t Ag. Other intervals include
5.92 meters of 1.91 g/t Au and 3.20 g/t Ag that includes a 1.11 meter interval of 8.92 g/t Au and 10.1 g/t Ag, a 10.9 meter interval of 1.16 g/t Au and 2.3 g/t Ag that includes a 1.15 meter interval of 8.77 g/t Au and 4.4 g/t Ag and a 20.29 meter interval of 0.64 g/t Au and 1.1 g/t Ag.
There are significant gold values still in this low grade section and as one poster put it buttressed by very significant silver.
$2.60 before the end of the week.
And too bad if yer out.