Evrim - Cuale - a quick comment

Evrim have released some stunning assays from some trenching done at Cuale (link and link), and their share price has gone crazy.

However, there may be a bit of a hangover, especially when you look at the detailed assay results  (link), where you can see that in Trench 4, you can see that they have sampled  2 very high-grade structures surrounded by a wide zone of >1 g/t Au mineralization.

red = good

If you take out these 4 high-grade intervals, this is what happens:

A bit less than 13.61 g/t Au

Still very good, but you quickly see that 83% of the Au if in just 5.8m or 5.4% of the trench.
The rest of the country rock is running >1g/t Au, so it is still a great result, but not a spectacular one.

The good news is, Evrim have identified a nice high-grade structure for drilling!!!