Breccia at Ana Paula
We believe the breccia is wide open.. although it generally conforms to the fabric of the rest of the deposit it contains fragments of both the porphyry and the hornfels. It looks to be a different animal than has been seen thus far in the GGB.
it could be that since the breccia trends NE/SW it follows one of the important faults systems and could possibly be the feeder for one of the gold events. could there also be parallel breccias?
Drilling will continue to define the boundaries of both the larger low grade gold deposit and also the boundaries of the breccia.
IMHo the breccia has the potential for 2.5 million ounces on its own.. maybe more!
I think we have seen the bottom of the market for the summer (thank God) and we will se many more excellent results from NES
we continue to be overweight NES and expect it to outperform gold, the markets and its peers.
without getting expectations too high (we would love $20) we expect NES will make new highs in the near future!
warmest regards
caliche
