NGE - you got that right. A after reading the news there is not much there to get bent out of shape over. Yes it is a good sign but there is no mineable gold in those assays. To drill holes they will need to do a pp which will delete the shares. How many rounds of that will it take for them to find some mineable gold? worth flagging and that is about it. From looking at the charts I suspect that the news leaked out a few weeks back.
The new results show a clear geologic change between the drill hole to the north and the geothermal holes to the south. The geothermal holes show marked enrichment in arsenic, antimony, and sulfur, elements commonly associated with Carlin-style gold deposits. Geothermal drill hole TG3 encountered the most continuous interval of anomalous geochemistry from the top of hole to the bottom at 297 metres (975 feet), with gold concentrations ranging from 3 ppb to 45 ppb (AVG 12 ppb), arsenic concentrations ranging from 60 ppb to 636 ppb (AVG 289 ppb), antimony concentrations up to 85 ppb (AVG 38 ppb), and sulphur concentrations ranging from 2,150 ppm to 36,300 ppm (AVG 19,761 ppm). The other geothermal drill holes showed narrower zones of elevated silver (up to 16.7 g/t), arsenic (up to 1,925 ppm), antimony (up to 86 ppm), and mercury (up to 1.1 ppm). Additionally, TG3 encountered significant intervals of silicified limestone and elevated concentrations of sulfur coincident with the visual identification of increased pyrite, which is likely arsenopyrite, based on an associated increase in iron and arsenic. |
