For those who hold this stock, hopefully we'll get an announcement today. I hold a small parcel, but unfortunately purchased them at 0.026. I've just placed an order to triple my holdings this morning at 0.019 to bring my overall average purchase price down to around 0.021 (the order for 40,000 at 0.019 just placed if you're following the pre-open...that we me
)
If we get an announcement then, IMO, we should probably see a sp in the mid to high
0.02's.
Based on the 2 June announcement, I'd expect to see the announcement today or perhaps Monday. From the 2 June announcement:
"IIG is pleased to advise that first phase drilling at Lionel Diggings has intersected significant gold mineralisation. A suite of orientation samples (27 samples) yielded significant gold intersections. The orientation analytical results included:
• 2m at 11.2 g/t Gold and 6.3 g/t Silver from 63m
• 1m at 4.36 g/t Gold from 103m
Significant gold intersections prove that the Lionel Diggings sheeted gold-silver bearing vein system carries gold and silver at depth. Gold-silver bearing veining is open at depth and has been surface mapped for a strike length of 700m.
IIG expects to receive analytical results for the remaining 420 drill samples in the next two to three weeks."