POG off today. very quickly in the past hr. I have a full position fore me in SIG so will ride forward like a cork on the waves.
Grabbed a few Rak here, there is gold all over that property, no visible gold , so for those who said no VG means no gold at all are illogical as there is lots of gold without any vg. Now that was not the case in the first 3 holes lousy numbers with teeny gold in core. However,, they talked about a zone where later holes were drilled. So a fact that Rak's Bite does carry gold but no proof that it is in economic amounts in drill core. Still super risky.
2025-08-07 17:36 ET - News Releas
..."Holes G25-004 and 005 were drilled from the same drill pad, each with a 50-degree dip and azimuths of 90 degrees and 60 degrees, respectively. These holes were collared 75 m west of holes G25-001 and G25-002 and targeted recently mapped areas with strong quartz and quartz-tourmaline veining, along with 2025 surface sample results that returned five multigram gold samples of 14.40, 19.30, 17.65, 22.30 and 45.50 grams per tonne gold (see press release dated July 28, 2025). Hole G25-006 is a 135 m stepout to the west of holes G25-004 and 005, and is being drilled below G25-004. It targets the extension of the vein system mapped on surface and intersected in holes G25-004 and 005 and will test 215 m vertically below hole G25-004. " |
