Phase 1 the stock price was trading at over 1 cent , different sentiment , now down around 50 % , much lower base.
The December announcement confirms around 60 known veins with variable strike orientations. Phase 1 only tested a handful of these in Adit 80. Phase 2 has a very large target inventory to work with.
Phase 1 tested one adit , Adit 80 with 18 underground holes and 15 surface holes. That’s one or two veins in detail out of a known system of 60. The assay results from that single adit already returned hits like 8m @ 14.1 g/t gold and 5.07% antimony underground.
Phase 2 is the JORC drilling campaign and has much more to work with , which means there could be several high impact announcements.